ProjectUpdated on 28 August 2025
Port of Richards Bay LNG Import Terminal
Director Invest SA at Department of Trade and Industry and Competition South Africa
Pretoria, South Africa
About
The Gas Masterplan Base Case Report (2022) and draft of 2024 identifies the South African ports as a key engine in the gas masterplan for the country. In response to the current electricity and energy mix challenges facing South Africa, Transnet National Ports Authority (TNPA), has embarked on a strong strategic position “as an enabler” of securing and supplying Liquified Natural Gas to the Port of Richards Bay (KwaZulu-Natal). This project provides feasible and sufficient opportunities for the gas to power industry to implement the Department of Mineral Resources and Energy’s (DMRE) plans of alleviating the electricity generation limitation.
Section 11 of the National Ports Act No. 12 of 2005 (the Act) details the functions of the Authority (TNPA) which includes the provision of basic port infrastructure such as berths and bulk services. Based on the technical study done by Transnet with respect to the suitable location of LNG import terminals in South Africa, the Port of Richards Bay was amongst the three ports that were identified for LNG importation.
The appointed Section 56 Concessionaire (Vopak/TPL) has indicated a strong demand of 2 million tons per annum from 2027 and potential to scale-up to over 5 million tons per annum from 2032-35.
The current solution (LNG Terminal) being proposed for TNPA Port of Richards Bay, is also supported by the LNG demand forecast of 2.2 million tonnes per annum (Mtpa) in the short term (2027), scaling to between 4.0 and 6.0 Mtpa in the long term (2042), in South Africa. A Baseline Market Demand Study (BMDS) was subsequently undertaken (Mott MacDonald, 2019) to develop an initial estimate of the aggregate market demand.
Project Location
- South Africa
Project Format
- Public-Private Partnership Project
ESG (Environmental, Social, and Governance)
- Yes
Project Stage
- Feasibility Study Completed
Main Project Sector
- Transport and Logistics Infrastructure
Energy and Natural Resources
- Oil & Gas
Transport and Logistics
- Ports And Waterways
Other Sector(s)
Logistics
Total Project Value
- 50,000,001 USD or above
Investment Capital Required
- 50,000,001 USD or above
Interested Format of Cooperation
- Public–private partnership / Concession
Preferred Financing Model
- Debt
- Equity
Previous Funding Stage
- None
Main Service(s) Required
- Financial Services
Financial Services
- Private Equity & Venture Capital
Organisation
Department of Trade and Industry and Competition South Africa
Pretoria, South Africa
Similar opportunities
Project
COEGA LNG IMPORTATION TERMINAL
- Yes
- Debt
- None
- Equity
- Project Planning
- Financial Services
- Ports And Waterways
- 50,000,001 USD or above
- 50,000,001 USD or above
- Private Equity & Venture Capital
- Public-Private Partnership Project
- Transport and Logistics Infrastructure
- Public–private partnership / Concession
recado Andrews
Director Invest SA at Department of Trade and Industry and Competition South Africa
Pretoria, South Africa
Project
- Yes
- None
- Mining
- Joint Venture
- Private Project
- Financial Services
- Open for negotiation
- 50,000,001 USD or above
- 50,000,001 USD or above
- Feasibility Study Completed
- Energy and Natural Resources
- Private Equity & Venture Capital
Benson Karanja
CEO at UNICORN CAPITAL PARTNERS LTD
Nairobi, Kenya
Project
D.M.Cole Santo Sunset Villas Vanuatu
- Yes
- None
- Operations
- Private Project
- Urban Development
- Professional Services
- Hospitality & Tourism
Jane Ma, CFA
Head of Investments at Pacific Trade Invest China 太平洋岛国贸易与投资专员署
Nadi, Fiji