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Gazprom makes another apocalyptic forecast for oil and gas prices
4.07.2008
Gazprom makes another apocalyptic forecast for oil and gas prices

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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