Oil & gas investment to fall 21 pct in 2009 - IEA
Published: 31 May 2009 18:37:41 PSTDARWIN, June 1 - The International Energy Agency (IEA) expects a 21 percent fall in 2009 oil and gas investment budgets, which could lead to sharply higher energy prices in the next three to four years, a top agency official said on Monday.
Richard Jones, deputy executive director of the agency, made the comment to a conference in the northern city of Darwin.
The agency conducts energy research and acts as advisor to 28 member countries.
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