Zululand Energy Terminal to Develop LNG Bulk Terminal at Richards Bay, South Africa
Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines, signed an agreement with Transnet National Ports Authority to operate an LNG terminal in Richards Bay for 25 years. The project will be developed in two phases, with an estimated cost of $1 billion. Phase 1 includes a floating storage unit and onshore regasification infrastructure, while Phase 2 will replace the FSU with an onshore storage tank. A final investment decision has been postponed until 2028 due to delays related to Eskom's gas-powered plant plans.
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Zululand Energy Terminal (ZET) signed an agreement with Transnet National Ports Authority for a 25-year LNG terminal operation at Richards Bay. The project, costing approximately $1 billion, will proceed in two phases.
Phase 1 involves a floating storage unit with a capacity of 135,000 to 174,000 m3 and regasification infrastructure producing 400 million standard cubic feet daily. Phase 2 will replace the FSU with an onshore tank of up to 220,000 m3, increasing capacity to 60 million standard cubic feet daily. A final investment decision is delayed until 2028 due to a court ruling affecting Eskom's gas plant development plans.
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