Transnet Pipelines has announced its selection of Vopak Terminal Durban as its preferred partner to jointly bid for the appointment of a terminal operator for the LNG Terminal in the Port of Richards Bay.
Transnet Pipelines acting chief executive, Tanuja Naidoo, said in a statement on Friday that the parastatal was pleased to announce that the firm would jointly bid with it for the Transnet National Ports Authority S56 Request for Proposal to appoint a terminal operator.
“This marks an important milestone in Transnet Pipelines’ long-term growth plans and its energy transition drive from oil to gas,” Naidoo said.
“The two parties are currently concluding the Joint Development Agreement and look forward to a successful partnership.”
The terminal operator will design, develop, build, finance, operate and maintain the new liquefied natural gas terminal at the port.
