TNPA signs 25-year operator agreement for South Africa’s first LNG import terminal

South Africa’s State-owned Transnet National Ports Authority (TNPA) has signed a 25-year terminal operator agreement with Zululand Energy Terminals (ZET) for the development of the country’s first liquefied natural gas (LNG) import terminal at the Port of Richards Bay’s South Dunes precinct. ZET is a JV between Vopak Terminal Durban and Transnet Pipelines, which was selected in 2024 as the preferred bidder to develop, construct and operate a new LNG terminal at the deepwater KwaZulu-Natal port.
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Business cautiously optimistic on SoNA commitments, but execution will be critical

President Cyril Ramaphosa’s State of the Nation Address (SoNA), delivered on February 6, has been met with cautious optimism. The Bureau of Economic Research (BER) commended the SoNA’s focus on the Medium-Term Development Plan (MTDP), which aims to boost economic growth to over 3% through large-scale infrastructure investment.
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