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Russia's seventh largest oil and gas producer Russneft is planning to add 15bn m3 of gas in Azerbaijan to its balance sheet reserves in 2017, according to a company filing published because of its planned IPO on the Moscow stock exchange, reported NaturalGasWorld on November 17, 2016.

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Worldwide demand for natural gas will grow faster than for all other fossil fuels between now and 2040, forecasts the IEA’s World Energy Outlook released November 16, 2016.

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Azerbaijan’s energy giant SOCAR and German Uniper Energy Company created a joint venture for manufacturing a steam turbine generator, reported Azernews on November 16, 2016.

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