Vladimir Putin has ‘weaponized’ energy and Europe may be forced to ration supplies this winter, warns Shell CEO
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Europe may have to ration energy to cope with declining Russian supply this winter, says Shell CEO.
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Ben van Beurden predicted “significantly” higher natural gas prices if Putin cuts flows further.
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Emmanuel Macron has asked French citizens to reduce their energy usage to avoid a difficult winter.
Europe may have to ration energy to cope with declining Russian supply this winter, the chief executive of Shell has warned.
Ben Van Beurden was speaking at an energy conference in Oxford when he made the comments that were reported by The Financial Times.
The Shell boss predicted “significantly” higher gas prices if Vladimir Putin continues to slow supplies to Europe and said that he couldn’t rule out Russia cutting off supplies entirely.
Putin had shown he was “able and willing to weaponize energy supplies,” Van Beurden said.
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