Shell CEO Says Europe Faces ‘Tough Winter’ And Rising Prices

Putin has proven he’s ready to weaponize supplies: Van Beurden
Countries should have contingency plans in case gas turned off

Ben van Beurden.
Photographer: Jose Sarmento Matos/Bloomberg

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By Will Mathis and Rachel Morison

July 14, 2022 at 10:40 AM UTC

Updated on

July 14, 2022 at 12:09 PM UTC

This article is for subscribers only.

Europe will face a tough winter with even higher energy costs, Shell Plc’s Chief Executive Officer Ben van Beurden said Thursday.

“We will be facing a really tough winter in Europe,” van Beurden said. Prices are set to rise further and “in a worst case, we will be in a situation where we have to ration.”