Shell chief warns of gas and oil supply disruption in Europe
Shell top executive Wael Sawan warns that Europe may soon face disruptions in fuel supplies, similar to the problems already in parts of Asia. The ANP reports.
The war in the Middle East and the closure of the Strait of Hormuz have made it much harder for Gulf states to export their oil and gas. This has already led to oil and gas shortages in the Philippines, India, Cambodia and Myanmar, among others.
Speaking at an S&P Global energy conference in the Texan city of Houston, he indicated that Shell is trying to work with governments. “We are trying to alert them to the knobs they need to turn, including the demand side and what they need to do around storage,” Sawan said.
He argued that the impact of Israel and the United States’ war against Iran is spreading. First the conflict hit the supply of fuels to South Asia, then Southeast Asia and then Northeast Asia. As April approaches, Europe too could face shortages.
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