This winter, Europe could face energy rationing, warns Shell CEO
European consumers could face the prospect of energy rationing this winter as costs continue to soar amid the risk of Russia cutting off gas supplies, Shells chief executive has said, the media reported.
“It will be a really tough winter in Europe,” said Ben van Beurden, speaking at the Aurora spring conference in Oxford on Thursday, The Guardian reported.
“We will all face very significant escalation in energy prices. In the worst case, Europe will need to ration its energy consumption.”
Factors being blamed for the continuing surge in wholesale energy prices include ongoing uncertainty regarding Russian gas flows into continental Europe, as well as more recent concerns such as the halted strike by Norwegian gas workers, and the UK’s continued reliance on energy imports.
