Warm sweaters and socks may help Europeans to cut down expenses on gas this autumn and winter.
Gazprom’s analysts changed their forecast for European gas prices: by the end of 2008 Europe should be ready to pay $500 per 1000 cubic m. of gas.
Besides, if $250 per barrel of oil comes true, price on gas will exceed $1000 per thousand cubic m., Alexei Miller, the head of Gazprom said yesterday. He added that $1000 is not expected to shake the market, since there were precedents when the price topped this mark. The prices have already started race for new records.
source:
www.kommersant.ru
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Gazprom makes another apocalyptic forecast for oil and gas prices
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