Vopak Consortium Selected to Operate New LNG Terminal in South Africa by 2024
Feb 04,2024 | DAXTROMNSOLAR
Vopak Consortium, a leading tank terminal operator, has been chosen to operate a new liquefied natural gas (LNG) terminal in South Africa starting in 2024. The consortium, which includes Royal Vopak, African Rainbow Energy and Power, and mining company Kuyasa Group, will be responsible for the construction, operation, and maintenance of the terminal in the port of Richards Bay.
This new LNG terminal is aimed at improving South Africa's energy infrastructure and diversifying its energy sources. By facilitating the importation, storage, and regasification of LNG, the terminal will contribute to the country's energy transition and reduce its reliance on coal.
The Vopak Consortium's selection is expected to bring considerable benefits to South Africa. The project is expected to create jobs during the construction phase and generate long-term employment opportunities. Moreover, the terminal's efficient and reliable operation will ensure a stable and secure gas supply for the region, supporting economic growth and fostering foreign investments.
In my opinion, this decision to construct a new LNG terminal is a positive step towards sustainable energy development in South Africa. It not only promotes the use of cleaner energy but also boosts the economy by creating employment opportunities and attracting foreign investment. The terminal's operations and maintenance by Vopak Consortium, with their expertise in tank terminal management, will likely ensure smooth functioning and contribute to the overall energy security of the country.
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