Future Of British Business
Shell Chief Paints Bleak Picture on Global Energy Supply
- Van Beurden: Not enough LNG supply to cover large Russia cuts
- CEO skeptical of G-7 proposal to put price cap on Russian oil
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The world is heading for a “turbulent period” as tightening supplies of liquefied natural gas and oil exacerbate a global energy crunch, Shell Plc Chief Executive Officer Ben van Beurden said.
Speaking in Singapore, the CEO painted a bleak picture of an energy supply that will struggle to replace large swathes of Russian oil and gas that still flow into Europe.