Preferred bidder selected to build and operate Richards Bay LNG terminal

South Africa’s State-owned Transnet National Ports Authority (TNPA) has announced that it has selected a public-private consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay’s South Dunes precinct.  The Vopak & TPL Consortium Venture was selected following a bidding process for an entity to design, develop, construct, finance, operate, and maintain the LNG terminal for a period of 25 years.