Shell CEO Believes Europe Energy Crisis Might Not Be Limited To “Just One Winter”

According to Shell’s chief executive, Europe might have to plan for energy savings and rationing beyond this coming winter.

“It may well be that we have a number of winters where we have to somehow find solutions through efficiency savings, through rationing and a very, very quick buildout of alternatives,” CEO Ben van Beurden said. “That this is going to be somehow easy, or over, I think is a fantasy that we should put aside.”

He added that it might be unlikely for the pressures on energy supplies to have a limited effect “to just one winter.”

The chief’s comments follow the soaring price of natural gas futures after Russian state-owned natural gas exporter Gazprom has announced yet again a routine maintenance shutdown.

However, the prices recently made a sharp decline after Germany said its gas storage facilities are set to be 85% full by next month, a month ahead of schedule.


Information for this briefing was found via Financial Times and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Big Oil-Backed Hydrogen Hub Proposal Seeks Federal Funding

A group of oil companies, together with energy-focused organizations and a university, is working to...

Friday, January 27, 2023, 01:29:00 PM

Hungary Signs Shell Gas Deal Ahead of EU Russia Ban

Hungary signed a 10-year natural gas supply agreement with Shell on Tuesday, marking the country’s...

Wednesday, September 10, 2025, 02:09:00 PM

Shell To Reverse Course, Exit Russian Operations Entirely After Blowback From Crude Oil Purchase

After getting caught with its hands in the cookie jar, it appears that Shell plc...

Tuesday, March 8, 2022, 07:37:11 AM

Europe Gas Doomsday Resurfaces After Russia Closes Nord Stream 1 Again For Repairs

The feared gas doomsday in Europe might have been averted in July 2022. However, tensions...

Thursday, September 1, 2022, 12:39:00 PM

BP’s Dutch Employees go on Strike Just as Refinery Prepares to Boost Production

Oil company BP was slated to resume production at its European facility in the Netherlands...

Tuesday, November 22, 2022, 01:26:18 PM