Energy rationing cannot be ruled out, warns Shell

Rationing of energy in Europe cannot be ruled out, the boss of energy giant Shell has warned, due to worries over the supply of gas from Russia. Speaking at an energy conference, Ben van Beurden said a "Really tough winter in Europe" was ahead, with energy prices set to see "Significant" rises. Last month, Germany moved closer to gas rationing after it triggered the "Alarm" stage of an emergency gas plan to deal with shortages, amidst fears of tighter supplies. Europe's gas stocks are 62.6% full, with warnings that meeting the 80% target for winter will be difficult if disruptions to the gas supply continue. Speaking at the Aurora Spring Conference in Oxford, Mr van Beurden said: "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.

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