Page 9 - GLNG Week 50 2021

GLNG AMERICAS GLNG

Eagle LNG, WEB Aruba sign agreement

on LNG terminal construction

PROJECTS & US-BASED Eagle LNG Partners has struck an current main sources of fuel to cleaner-burning
COMPANIES agreement with WEB Aruba, the national water natural gas. “The project will introduce low-cost,
and power provider of Aruba, on the construc- stable energy to the island and enhance its envi-
tion of an LNG regasification terminal at the site ronmental credentials,” it said. Moving to LNG
of an existing oil refinery in San Nicolas. from heavy residual fuel oil and diesel will cut
Eagle LNG, which is owned by the pri- harmful emissions by 30% for carbon dioxide, by
vate equity firm Energy & Minerals Group, 75% for nitrogen oxides, by 90% for particulates
announced the deal in a statement last week. It and by 99% for sulphur dioxide, it added.
said the parties had signed documents outlin- Sean Lalani, the president of Eagle LNG,
ing their plans for long-term co-operation at a described the deal as beneficial for Aruba, for
ceremony on December 9. That ceremony was the Caribbean region as a whole and for his com-
attended by Aruba’s Minister of Labour, Energy pany in particular. “We are committed to invest-
and Integration Glenbert Croes and WEB Aru- ing in the Caribbean basin and are honoured
ba’s CEO Serapio Wever, the statement noted. to have signed an agreement for another major
The agreement provides for the parties to LNG project, this time in Aruba. Together with The statement
work together to build an LNG import and recent agreements elsewhere in the Caribbean
regasification facility at the Refineria di Aruba basin, including the new terminal in Antigua, explained that
(RdA) plant, which has been idle for some time. this further confirms Eagle LNG as the reliable
Neither Eagle LNG nor WEB Aruba has revealed partner of choice for natural gas in the region. the project
the projected capacity of this terminal. However, The LNG import terminal will result in more
the US company has signed a long-term LNG environmentally responsible energy support- was designed
supply contract, and the island state’s utility has ing the addition of more renewable generation, to help Aruba
indicated that it will use the regasified LNG as lower operating and maintenance costs and a
fuel for the Balashi thermal power plant (TPP). stable, historically low-cost, fuel supply. Along- reduce its carbon
The cost of building the new facility is side the economic and environmental benefits,
expected to reach $100mn, and the project is the transition to LNG-powered generation will emissions.
likely to create about 100 new jobs during the function as a catalyst for new economic pillars in
construction phase, Eagle LNG said. It will also Aruba. We look forward to being a part of Aruba
allow for the creation of permanent and “highly for many years.”
skilled operating jobs with specialised training in Croes, meanwhile, stressed the environ-
critical capabilities required as the world transi- mental and economic advantages of the deal for
tions to a net-zero carbon future,” the company Aruba’s citizens. “This is an extremely important
added. project for an Aruba that loves its environment,
The statement explained that the project was which will produce energy based upon clean
designed to help Aruba reduce its carbon emis- energy that will reduce costs of water and elec-
sions by allowing the TPP’s dual-fuel engines to tricity to the benefit of all of Aruba,” he said at the
switch from the petroleum products that are its signing ceremony.™

Week 50 17•December•2021 www. NEWSBASE .com P9