Tuesday, August 30, 2022

Shell CEO Warns Europe Will Be Facing ‘Terrible’ Winters For The Next Decade

Fortune: Shell CEO warns the gas crisis could last for several years, as Europe faces ‘terrible’ winters for the next decade 

Europe may be in for gas rationing and expensive electricity bills for a decade to come. 

Shell’s chief executive officer Ben Van Beurden cautioned that the continent may need to ration gas for several winters as the crisis brought on by Russia’s ongoing invasion of Ukraine looks unlikely to end any time soon. 

“I do not think this crisis is going to be limited to just one winter,” the CEO of the Anglo-Dutch oil major told reporters on the sidelines of a conference in Norway’s oil and gas hub Stavanger.  

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WNU Editor: He knows what is coming.

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