Shell chief executive Ben van Beurden has warned Europe may need to ration access to energy this winter as he predicted “significantly” higher prices if Russia continues to choke the supply of gas into the EU.
The head of Europe’s largest oil and gas company said Russian President Vladimir Putin had shown he was “able and willing to weaponise energy supplies” and that a complete suspension of Russian gas exports to Europe cannot be ruled out.
“I think we will be facing a really tough winter in Europe,” van Beurden told an energy conference in Oxford on Thursday.
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