Houston-based Eagle LNG said it has signed a deal with Refineria di Aruba (RdA) to build an LNG terminal on the Dutch Caribbean island.
Eagle LNG and state-controlled RdA signed a letter of exclusivity on January 14.
The move follows the signing of a deal in December between Eagle and Quanten with RdA for the restart of a dismantled oil refinery in Aruba.
Under the new preliminary deal, Eagle would build an LNG terminal aimed at replacing heavy fuel oil used for water treatment but also power generation in Aruba.
The facility would also act as an bunkering hub and it could cater to the burgeoning LNG-powered cruise industry but also other vessels coming to Aruba.
Eagle LNG’s president, Sean Lalani said in a statement the firm had been seeking investment opportunities for a while in the Caribbean region and the signing of the new deal means that they could finally start investing in Aruba.
Eagle will now work towards a definitive deal with a goal to start construction this summer.
