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Europe could face energy rationing as ‘really tough winter’ looms, Shell boss warns

The Guardian

Europe could face energy rationing as ‘really tough winter’ looms, Shell boss warns

Mark Sweney and Alex Lawson: Thu 14 Jul 2022 13.04 BST

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, Shell’s chief executive has said.

“It will be a really tough winter in Europe,” said Ben van Beurden… “We will all face very significant escalation in energy prices. In the worst case, Europe will need to ration its energy consumption.”

Van Beurden said there was “no way of telling” whether Russia would restart gas supplies into Europe via the Nord Stream 1 pipeline after maintenance started on Monday. It is due to conclude on 21 July.

“Putin has surprised quite a few of us,” he said. “I feel disappointed by the outcomes.

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