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Eagle LNG signs deal to establish LNG terminal in Aruba

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US-based Eagle LNG Partners has completed a long-term supply contract to establish an LNG terminal in Aruba, the Caribbean, with WEB Aruba, the local power and water utility.

The Aruba LNG Terminal will serve as WEB’s LNG receiving and re-gasification terminal for its Balashi power plant. The terminal will be located at Refineria di Aruba, an existing industrial location in San Nicolas, Aruba, where LNG from Eagle LNG will be received, stored, and re-gasified with natural gas delivered to the WEB power plant.

Using LNG for power generation takes advantage of WEB’s existing investment in dual-fuel engines, improving environmental performance and stabilising fuel rates at historically low prices while enabling the introduction of more intermittent renewable electricity generation on the island.

“LNG fits in WEB Aruba’s vision of cleaner, greener and fuel oil-free production and we are working towards sustainable water desalination and energy production and supply,” said WEB Aruba’s CEO, Serapio Wever.

The infrastructure investment is around $100 million (€88 million) in Aruba and will create up to 100 jobs during construction, as well as highly-skilled operating jobs. The project will introduce low-cost, stable energy to the island and boost its environmental credentials.

By switching to LNG from heavy fuel oil or diesel, there will be a significant reduction in harmful emissions – 30% reduction in CO2, 75% in NOx, 90% in particulates, and 99% in sulphur oxides.

Sean Lalani, president of Eagle LNG, commented: “We are committed to investing in the Caribbean basin and are honoured to have signed an agreement for another major LNG project, this time in Aruba.

“Together with recent agreements elsewhere in the Caribbean basin, including the new terminal in Antigua, this further confirms Eagle LNG as the reliable partner of choice for natural gas in the region.”