On the 12th of September, a deck cargo ship delivered 5,650-ton bullets to Transnet National Ports Authority’s (TNPA) Port of Richards Bay.
The storage bullets will be part of the ZAR 1 billion (USD 68.3 million), 22,600-ton capacity mounded LPG facility which is being developed at the port by Bidvest Tank Terminals (BTT). This terminal will store LPG on behalf of independent LPG trader, which ships the fuel from the U.S. and the Middle East.
The facility which construction began in October 2018 is expected to become operational in 2020. Enabling the Port of Richards Bay to cater for ships that trade, transport, store and distribute LPG.
Transnet is also planning a multi-million dollar liquefied natural gas (LNG) storage and regasification terminal at the Port of Richards Bay and is looking for private sector partners to invest in and operate the facility.
The Richards Bay Natural Gas Network (NGN) project will complement the delivery of LNG to new markets in the Eastern Cape and Western Cape provinces through the ports of Ngqura and Saldanha Bay respectively and will support government’s future gas-to-power projects.
Meanwhile, at the Port of Ngqura, TNPA is establishing an additional petroleum trading hub for Southern Africa through a new liquid bulk terminal being developed by Oil Tanking Grindrod Calulo (OTGC).