After nine long years, the Dutch Caribbean island of Aruba is growing closer to realizing a refinery once again to supply gasoline to a populace in paradise. Following U.S. sanctions in 2006 on neighboring Venezuela (which until last year controlled the facility), the 235,000 BPD Aruba Refinery and Terminal complex has sat idle since 2012. Reese Energy Consulting today is following the latest updates from Aruba and a Calif.-based consortium of investors that has proposed a $3.5 billion plan to restart the island’s sole refinery. But only temporarily before a complete demolition later this year and new rebuild by 2024. Meanwhile, Aruba’s government-owned refining company is ready to seal a deal with Houston-based Eagle LNG to build a small-scale LNG import terminal at the same complex, which could also power the refinery and even become an export hub for U.S. LNG across the Caribbean basin. Which is exactly where we all should be sun-worshipping today.
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