Vopak delays investment on South African LNG project to 2028

Dutch tank storage and terminal operator Vopak has pushed back a final investment decision (FID) on South Africa's first liquefied natural gas terminal to 2028, a senior executive said on Wednesday. The company had planned to approved the project earlier this year, but a September court order halted power utility Eskom's plans to develop a 3 000 MW gas-powered plant at Richards Bay, slowing progress.