WEB and Eagle LNG enter into clean LNG supply agreement
Maryam FaragEnvironment Industry Energy Aruba energy fuels liquefied natural gas natural gas power power plant renewable energy water utility
Eagle LNG Partners LLC has completed a long-term supply contract to establish a liquefied natural gas (LNG) receiving and regasification terminal in Aruba, with WEB Aruba, the local power and water utility.
The Aruba LNG Terminal will serve as WEB’s LNG receiving and regasification 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.
“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. We welcome LNG as a transition fuel that eventually should lead to a mix of 50 per cent renewable energy sources and 50 per cent alternative fuels,” said Serapio (Laty) Wever , CEO, WEB Aruba.
The infrastructure investment is approximately US$100 million in Aruba and will create up to 100 local jobs during construction. By moving to LNG from heavy fuel oil or diesel, there will be a reduction in emissions: 30 per cent in CO2, 75 per cent NOx, 90 per cent particulates and 99 per cent SOx.
“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,” said Sean Lalani, President, Eagle LNG. “The LNG import terminal will result in more environmentally responsible energy supporting the addition of more renewable generation, lower operating and maintenance costs and a stable, historically low-cost, fuel supply. Alongside the economic and environmental benefits, the transition to LNG powered generation will function as a catalyst for new economic pillars in Aruba. We look forward to being a part of Aruba for many years.”