The head of Shell told how long the gas crisis in Europe will last

MOSCOW, 29 Aug – PRIME. The gas crisis in the EU countries may continue over the next few winters, Ben van Beurden, executive director of the British-Dutch oil and gas company Shell, is sure.

He expressed this opinion at a press conference in Norway, he is quoted by Reuters.

“It is quite possible that there will be several winters when we will have to somehow find solutions (due to a lack of gas. – Approx. ed.),” he said.

Van Beurden also added that the oil market will continue to have excess demand over supply for some time.

With the start of the Russian special operation to demilitarize and denazify Ukraine, the West stepped up sanctions pressure on Moscow. Many countries have announced the freezing of Russian assets, calls have become louder to abandon energy from Russia. These measures turned out to be problems for Europe and the United States, provoking an increase in food and fuel prices.

Now Europe continues to be under pressure due to the ongoing tension with supplies from Russia. The export of Russian gas fell after the start of a special military operation to demilitarize and denazify Ukraine: supplies through the Nord Stream and through the Ukrainian gas transportation system dropped significantly, and through the Yamal-Europe stopped altogether.

As Vladimir Putin noted, the sanctions dealt a serious blow to the entire global economy, and their main goal is to worsen the lives of millions of people. Nevertheless, according to him, current events draw a line under the global dominance of the West in both politics and economics.