Liquid bulk terminal to benefit emerging importers
TRANSNET’s plan to build a liquid bulk terminal for refined petroleum products at the country’s biggest port will benefit emerging fuel importers and increase supply as demand grows, says the South African Petroleum Industry Association (Sapia).In July, Transnet issued a request for proposals to companies interested in designing, financing, building, operating and providing maintenance for a liquid bulk terminal at the Port of Durban.Transnet National Ports Authority (TNPA), a division of Transnet, owns and manages SA’s eight commercial ports. The terminal, which Transnet wants completed by 2020, is intended to handle only refined petroleum products. The state-owned enterprise expects a shortage as demand increases. The national demand forecast for petrol, diesel and jet fuel was expected to grow to 83-billion litres in 2044 from 2015’s 29.9-billion, TNPA said.Demand was expected from SA, Botswana, Lesotho, Namibia and Swaziland. SA also exported to other markets in southern Africa,...
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