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A Canadian start-up run from a private home was chosen by Democratic Republic of Congo for a technically complex project to extract methane from the deep waters of a volatile lake, despite the company not meeting the tender's financial criteria, documents seen by Reuters show. President Felix Tshisekedi, who is seeking re-election in December, has promised to shake off Congo's reputation for opaque dealings as he pushes plans to develop dozens of oil and gas blocks – many of them in environmentally sensitive areas. First to be auctioned were three methane blocks in Lake Kivu...

A Canadian start-up run from a private home was chosen by Democratic Republic of Congo for a technically complex project to extract methane from the deep waters of a volatile lake, despite the company... -November 02, 2023 at 03:00 am EDT - MarketScreener

An evaluation report produced by a government-appointed commission in October 2022 found Alfajiri Energy Corporation did not meet minimum financial requirements

The government of the Democratic Republic of Congo (DRC) published on Wednesday evening the names of the companies it selected, following a call for tenders, to operate three gas blocks in Lake Kivu, in the east of the country.

The gas block auction was part of a licensing round that included 27 onshore oil blocks.