Netherlands-headquartered tank storage and terminal operator Vopak’s local subsidiary, Vopak South Africa, together with Transnet Pipelines, on March 13 signed a memorandum of understanding (MoU) with the Richards Bay Industrial Development Zone (RBIDZ), committing to advance gas development in the province.
The MoU comes as Vopak South Africa and Transnet Pipelines finalise commercial agreements and contractor appointments ahead of a final investment decision on the Zululand Energy Terminal (ZET) at the Port of Richards Bay, which will mark South Africa’s first liquefied natural gas (LNG) import terminal.
