google.com, pub-9501031967421588, DIRECT, f08c47fec0942fa0 European gas shortages likely to last several winters, says Shell chief ~ Bharath Bulletin

Monday, August 29, 2022

European gas shortages likely to last several winters, says Shell chief

Warning raises prospect of continued rationing, as Total boss says Europe has to plan for future without Russian supplies

Gas shortages across Europe are likely to last for several winters to come, the chief executive of Shell has said, raising the prospect of continued energy rationing as governments across the continent push to develop alternative supplies.

Cuts to the supply of Russian gas since the invasion of Ukraine have plunged European countries into a devastating energy crisis, driving up wholesale prices to leave consumers facing huge bills and the highest rates of inflation since the 1980s.

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