Europe may be facing energy rationing this winter, Shell CEO Ben van Beurden said July 14 at Aurora Energy’s spring forum in Oxford. Russian gas supply curtailments have left much of Europe short of gas at a time when storage is usually refilled ahead of winter, fueling concerns of shortages in the coming winter. The EU has warned that a full cut-off in Russian gas flows to Europe cannot be ruled out. “It would be unwise to ignore [Russian President Vladimir Putin’s] threats. He is able and willing to weaponize energy,” van Beurden said. Europe was facing a tough winter with escalating prices, and “in a worst case scenario we may face rationing,” he said. The CEO called for incentives to invest in the energy transition to reduce dependency on imported fuels. “Tax is a […]