GasMeth CEO Stephen Tierney raises $310 million for Lake Kivu project

GasMeth CEO Stephen Tierney raises $310 million for Lake Kivu project

The former director of Accugas has raised funds to begin the first phase of his ambitious gas extraction project on Rwanda’s Lake Kivu.

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            ▪ GasMeth CEO Stephen Tierney raises $310 million for Lake Kivu project

▪ The former director of Accugas has raised funds to begin the first phase of his ambitious gas extraction project on Rwanda’s Lake Kivu.

https://www.africabusinessplus.com/en/811954/gas-gasmeth-ceo-stephen-tierney-raises-310-million-for-lake-kivu-gas-project/

The methane gas extraction project on Lake Kivu was announced in 2019. Then Rwandan Minister of Mines, Oil and Gas, Francis Gatare, and the director of the Rwanda Development Bank, Clare Akamanzi, initialled a contract with GasMeth’s Stephen Tierney, to start work on the project, which was due to open in 2021. However, the covid pandemic disrupted the schedule.

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