Fuel and energy

Today PJSC Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2016.

Fortum’s equity stake in the joint venture totals a maximum of RUB 15 billion (currently approximately EUR 240 million).

Toshiba Corporation announces that its first 100kW pure hydrogen fuel cell system has started commercial operation at the municipal wholesale flower and vegetable market in Shunan, Yamaguchi prefecture, the westernmost prefecture of Japan's main island.

To better serve the growing power and grid reliability needs in Africa, GE’s Distributed Power (NYSE: GE) announced that it has recently signed an agreement with Clarke Energy to serve as GE’s distributor of Jenbacher gas engines for six additional countries in Africa.

Danish biotechnology firm Novozymes said it expects a slight rise in US ethanol output in 2017, after an increase in production in the first quarter of the year. But the company says US demand is down and inventories in the country are rising.

An annual conference of inventors and rationalizers was held at PJSC TATNEFT.