Azerbaijan, Baku, Feb. 20 / Trend , A.Badalova/
JPMorgan forecasts that average price on gas will be $186.3 per 1,000 cubic meters in 2009. Earlier the bank said the price will be $205.4.
This year maximum price on gas will occur in the fourth quarter - $216.6 per 1,000 cubic meters and minimum in the first quarter - $167.9.
"We left our projections on 2010 gas prices unchanged, despite the risks that prices will fall due to current conditions. We have re-decreased forecasts for 2009 on the backdrop of the precarious balance of supply and demand," JPMorgan said in a report.
Average price on gas will be $239.343 per 1,000 cubic meters in 2010 and $261.725 per 1,000 cubic meters in the 4th quarter of 2010, JPMorgan said.
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