Vopak Consortium Selected to Operate New LNG Terminal in South Africa
(Reuters) — South Africa has selected a Vopak consortium as the preferred bidder to develop and operate an LNG terminal at the Port of Richards Bay for 25 years, state-owned Transnet National Ports Authority said on Wednesday.
Vopak, a Dutch company which operates terminals and storage facilities worldwide, partnered with Transnet Pipelines during the bidding round as South Africa pushes to raise gas consumption in Africa's most industrialized economy.
South Africa is increasingly turning towards gas, as well as renewable energy sources such as wind and solar, as it looks to overcome its worst energy crisis on record and break its reliance on coal-fired plants that power its economy.
"TNPA is excited about the prospects this project brings, especially that this gas infrastructure will be the first of its kind in South Africa," said Moshe Motlohi, TNPA managing executive for the Eastern region ports.
TNPA added it expects the terminal to begin operations at Richards Bay during 2027.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
Comments