Vopak South Africa and Transnet Pipelines (TPL) are pleased to announce the appointment of Standard
Bank as the financial advisor for the LNG project of Vopak Terminal Durban and TPL. This appointment
marks a significant milestone in the development of this large-scale, nationally important project, which
aims to enhance South Africa’s energy infrastructure and support the country’s transition to a more
sustainable energy future.
Standard Bank, one of Africa’s leading financial institutions, brings a wealth of experience and a strong
track record in advising on complex and high-impact projects within the energy sector. With their deep
understanding of both the local and international financial landscape, Standard Bank is uniquely
positioned to provide strategic financial guidance and innovative solutions that will ensure the successful
execution of the Vopak Terminal Durban and TPL LNG project.
As the appointed financial advisor, Standard Bank will play a critical role in structuring the financial
framework for the project, securing the necessary funding, and managing financial risks to ensure
long-term sustainability and value creation. Their expertise will be instrumental in navigating the
complexities of this significant infrastructure investment, which is poised to strengthen South Africa’s
position in the global LNG market.
“We are excited to partner with Standard Bank on this transformative project,” said Oliver Naidu, BU
President of Vopak South Africa. “Their extensive experience in the financial sector, particularly in large
infrastructure and energy projects, makes them an ideal partner as we move forward with the Vopak
Terminal Durban and TPL LNG project. We are confident that their contribution will be invaluable in
achieving our strategic objectives and delivering a project of national significance.”
“This appointment represents a pivotal step in ensuring the successful execution of this significant
project. Their expertise will help us secure the necessary funding and manage risks, furthering our goal
of advancing South Africa’s energy security”, added Sibongiseni Khathi, Chief Executive of Transnet
Pipelines.
The Vopak Terminal Durban and TPL LNG project is a key component of Vopak’s long-term strategy to
expand its terminal network and enhance energy security in South Africa. The project will create
significant economic opportunities, support job creation, and contribute to the sustainable development
of the country’s energy sector.
The LNG consortium comprising Vopak and TPL, along with Standard Bank, is eager to collaborate on
delivering a project that will have a lasting positive impact on South Africa’s energy landscape.
About Vopak
Royal Vopak helps the world flow forward. At ports around the world, we provide storage and
infrastructure solutions for vital products that enrich everyday life. These products include liquids and
gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible
oils for cooking. For all of these, our worldwide network of terminals supports the global flow of supply
and demand. For more than 400 years, Vopak has been at the forefront of fundamental transformations.
With a focus on safety, reliability, and efficiency, we create new connections and opportunities that drive
progress. Now more than ever, our talented people are applying this mindset to support the energy
transition. Together with our partners and customers, we are accelerating the development of
infrastructure solutions for hydrogen, ammonia, CO₂, long-duration energy storage, and low-carbon fuels
& feedstocks – paving the way to a more sustainable future. Vopak is listed on the Euronext Amsterdam
and is headquartered in Rotterdam, the Netherlands. For more information, please visit www.vopak.com
About Reatile Chemicals
Reatile Chemicals is a 30% shareholder in Vopak Terminal Durban. Reatile Chemicals is a South African
investment company that focuses on providing energy solutions across Sub-Saharan Africa. Through its
strategic investments in the petro-chemical, gas, and renewable energy sectors, Reatile Group plays a
vital role in driving sustainable energy initiatives in the region. For more information, please visit
www.reatile.co.za
About Transnet Pipelines
Transnet Pipelines is an operating division of Transnet SOC Ltd, a South African public company
established in 1965 and which plays a critical role in the energy industry in the South African economy.
Transnet Pipelines is the custodian of the country’s strategic pipeline assets and is currently servicing
two key industries, fuel and gas, by transporting petroleum and gas products over varying distances.
Transnet Pipelines currently handles products including methane rich gas (MRG), crude oil, diesel,
leaded & unleaded petrol and aviation fuels. Transnet Pipelines currently transports 500 million cubic
meters of MRG from Secunda via Empangeni to Durban using the Lilly Gas pipeline. The planned LNG
Terminal in Richards Bay will be interconnected via a new pipeline link to the Lilly pipeline at Empangeni,
thus enabling inland distribution of LNG. For more information, please visit Transnet Pipelines