South Africa Signs Deal For First LNG Import Terminal At Richards Bay

South Africa is all set to develop its first liquefied natural gas (LNG) import terminal at the Port of Richards Bay. Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines (TPL), has officially signed a 25-year Terminal Operator Agreement (TOA) with Transnet National Ports Authority (TNPA).

The agreement, signed on February 10, 2025, gives Zululand Energy Terminal the rights to construct, develop, finance, operate, and maintain the LNG import terminal in Richards Bay.

This follows the Request for Proposal (RFP) award in January 2024 and marks the completion of detailed discussions between TNPA, the port authority, and Zululand Energy Terminal, the terminal operator.

The LNG terminal will be developed in two phases:

Phase 1 will involve setting up a Floating Storage Unit (FSU) with a capacity of 135,000–174,000 cubic meters and onshore regasification facilities that ca…

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