American Bank Experts Forecast Insignificant Rise in Gas Prices in 2009
Azerbaijan, Baku, 29 February / corr. Trend A. Badalova/ According to JP Morgan bank of United States of America, which is the third largest bank in the country, in 2009, the average world price for gas will total to $7.65/mmBTU against $7.50/mmBTU in 2008.
On 29 Feb, JP Morgan said to Trend that there is rise in the forecast of the bank for the first quarter of 2008 from $6.65/mmBTU up to $7.15/mmBTU because of the possible drop in the import of the liquefied gas in US. JP Morgan says that the rise in the world prices, in 2009 by 1%, is due to the rising demand for the liquefied gas.
The production of liquefied gas has increased by 6.6% for the last 15 years. For instance, according to Turkish Botas, the import of liquefied gas of Turkey from Nigeria and Algeria will exceed 25bln cu. meters till 2020.
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