With the reduced supply of Russian gas, Europe faces a harsh winter that could include energy rationing as European countries scramble to fill natural gas storage sites before November, according to Shell’s chief executive officer, Ben van Beurden. “It will be a really tough winter in Europe. Some countries will fare better than others, but we will all be facing a very significant escalation in energy prices,” van Beurden said at the Aurora Spring Conference in Oxford on Thursday, as carried by Reuters . There could be rationing of energy use in Europe in the worst-case scenario, Shell’s top executive added. Russia slashed gas supply to Europe in the middle of June and is not currently sending any gas via Nord Stream as the pipeline is undergoing regular maintenance until July 21. The EU and its major importers of Russian gas are concerned that Gazprom will not resume flows […]