Shell CEO expects several crisis winters due to gas shortage in Europe

Nozzles at a gas station Shell in London. Archive photo

European country could face a shortage of gas for several winters due to the reduction of deliveries from Russia, warned the head of the oil company Royal Dutch Shell Ben van beurden at a press conference. This writes Montel.

“There might be a few winters when we have to somehow find solutions for the expense of efficiency, due to the rational use and due to the very rapid creation of alternatives that we can be”, — said a top Manager.

He made the transition to alternative energy sources and alternative import. Van beurden believes that Europe will experience difficulties in terms of industrial growth, and the issue of political unity until 2027.

“What it (the crisis.— Approx. Ed.) would be easy to pass easily or ends is a fantasy that we should exclude”, — said the head of the head Shell.

Western countries are faced with rising energy prices and a surge in inflation due to the imposition of sanctions against Moscow and the policy of refusal of the Russian fuel. Due to the cost of fuel, especially gas industry in the West has largely lost its competitive advantage that has affected other sectors of the economy. Also USA and European countries are faced with a record over decades of inflation.