Shell CEO Predicts EU Life Will Be “Very Hard” and Years Long
Rationing Rarely Works Without a Cause
Europe faces years of energy rationing without Russian gas, the boss of Shell has warned. Ben van Beurden said it was a “fantasy” to think that Europe’s energy crisis would be resolved soon and he warned that if Moscow were to cut off all supplies, life would be “very hard”.
“I do not think this crisis is going to be limited to just one winter,” the chief executive of Europe’s biggest oil and gas group said yesterday.
“Van Beurden said it “may well be that we have a number of winters where we have to somehow find solutions through efficiency savings, through rationing and through a very quick build-out of alternatives,” such as gas imports from elsewhere and developing non-gas energy sources.”
https://www.thetimes.co.uk/article/energy-could-be-rationed-for-years-bm7p5qxt7