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The Guardian - UK
The Guardian - UK
Business
Gwyn Topham

European gas shortages likely to last several winters, says Shell chief

A flame burns from a tower at the Vankorskoye oilfield owned by Rosneft north of the Russian Siberian city of Krasnoyarsk
Plummeting gas supplies from Russia have driven up the price of energy and caused a cost of living crisis. Photograph: Sergei Karpukhin/Reuters

Gas shortages across Europe are likely to last for several winters to come, the chief executive of Shell has said, raising the prospect of continued energy rationing as governments across the continent push to develop alternative supplies.

Cuts to the supply of Russian gas since the invasion of Ukraine have plunged European countries into a devastating energy crisis, driving up wholesale prices to leave consumers facing huge bills and the highest rates of inflation since the 1980s.

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