Oil May Top $250, Says Gazprom CEO
By: Reuters | 10 Jun 2009 | 11:49 AM
ET
A shortage of oil and gas investment means the sector will
fail to meet demand when the global economy begins to recover, Gazprom Chief
Executive Alexei
Miller said on Wednesday
There are no guarantees that further
increases in oil demand will be supported by a sufficient growth in investments,
the head of the Russian natural gas giant said.
Nobody has solved the issue of
the "2012 supply gap" which may emerge later than thought but which
will be deeper. "It means prices may
even jump over the $250 hurdle we have forecast a year ago," Miller said
in a written text of a speech at a conference in Italy on the financial crisis
and energy
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