SOUTH Africa’s state-owned freight logistics firm Transnet said it will go to the market within weeks for a new liquefied natural gas (LNG) terminal to be built at the east coast Richards Bay port by 2026, Transnet National Ports Authority (TNPA) said on Thursday.
The push to design, build, finance and operate the LNG terminal comes amid some of the worst electricity outages to hit Africa’s most industrialised economy, as the country also tries to reduce emissions from coal-fired power plants that supply most of its electricity needs.
“TNPA is accelerating the implementation of this project to assist with the country’s energy needs and ensure that it provides the transition energy required towards SA’s decarbonisation,” Captain Dennis Mqadi, port manager at Richards Bay said in a statement.
He said TNPA intends approaching the market in the coming weeks with a request for proposal, which will ensure that the project can
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