Aruba refinery aims to sign deal with Houston's Eagle LNG
4/16/2021
Aruba's state-owned refining company Refineria di Aruba (RdA) plans to sign a deal with Houston-based Eagle LNG Partners to build an LNG import terminal on the site of its idled refinery as soon as next month, RdA's director told Reuters.
The terminal would allow Eagle to supply the Dutch Caribbean island's power company with natural gas, replacing high-sulfur fuel oil as the country's main fuel for generation, Reynold Arends said in a recent interview at RdA's headquarters in the town of San Nicolas at Aruba's southeastern tip.
Aruba has been seeking new partners for the 235,000 barrel-per-day refinery, which has been largely idled since 2012. Last year, U.S. refiner Citgo Petroleum Corp PDVSAC.UL - a unit of Venezuelan state oil company Petroleos de Venezuela PDVSA.UL - handed control of the site back to the government after abandoning an ambitious $1.1 billion refurbishment plan.