AES Dominicana Turning Andres LNG Terminal into Regional Transshipment and Bunkering Hub
- Business & Finance
AES Dominicana, an affiliate of AES Corporation, plans to turn its AES Andres LNG terminal in the Dominican Republic into an LNG transshipment and bunkering hub for the Caribbean, Central and South America by 2016.
The company enlisted George Nemeth, previously employed at ExxonMobil, Merrill Lynch Commodities and Koch Supply and Trading, to help with the new project.
”Work has begun to re-configure the existing AES Andres LNG receiving terminal in the Dominican Republic for LNG re-loads onto vessels between 10,000km-60,000km,” says Nemeth.
”The combination of AES Dominicana’s ability to procure competitively priced LNG and the capability to deliver small loads of LNG allow for cost effective gas conversion solutions for smaller-load fuel consumers in the region. The facility is also located along many shipping routes ideally positioned to provide LNG bunkering services to vessel owners and operators who are increasingly drawn to LNG as a propulsion fuel.”
The AES Andres LNG terminal will be ready for re-load operations in the third quarter of 2016. Current developments for vessel bunkering infrastructure are also underway.
”AES Dominicana aims to become a regional transshipment hub in order to provide cost effective energy solutions to fuel consumers in the Caribbean, Central and South America,” said Edwin De Los Santos, President of AES Dominicana.