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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.