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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.


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.


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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