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.
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