Transnet companies announce LNG-related projects at Africa Oil Week

South African State-owned harbours company, Transnet National Ports Authority (TNPA), announced, at Africa Oil Week (AOW) 2024, that it was planning to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay, in KwaZulu-Natal, on the country’s east coast. (AOW 2024 was held at the Cape Town International Convention Centre, this week.) The announcement was made by TNPA GM: special projects Luvuyo Mkontwana. The LNG terminal is planned to provide the country with an LNG import facility, in order to both increase energy security and facilitate the more rapid decarbonisation of the economy. The project will be developed in phases, with Phase 1 expected to start commercial operations in 2028.