A shift to other suppliers is not enough, Ben van Beurden says


European countries will not be able to replace Russian natural gas without an energy transition, according to Shell CEO Ben van Beurden.

Increasing gas supplies from Africa and Scandinavia as well as boosting purchases of liquefied natural gas (LNG) cannot help in replacing Russian energy on the European markets, van Beurden said on Thursday.

“Bringing more LNG to the market, increasing liquefaction and regasification capacity, and raising pipeline supplies from North Africa and Norway are reasonable things,” he said adding that “it is also inevitable to have an energy transition in the medium term.”

There is no way to simply buy more pipeline gas and LNG to completely replace all the Russian gas that we currently consume. This is not feasible,” van Beurden said.


Source: R t n e w s

Shell CEO will be kicking himself.
You are a business man not a charity organisation

hopefully the yeye people now will start understanding that, however you look at it, these sanctions dont help European countries (in the short term)!

MrBrownJay1:
hopefully the yeye people now will start understanding that, however you look at it, these sanctions dont help European countries (in the short term)!

Even in the long term

baralatie:
Even in the long term

no, in the long term, if they now decide to pay MORE for their natural gas AND invest 10s of Billions for new pipeline, then it could work for Europe. but it would take YEARS before these pipelines are put in place.

MrBrownJay1:


no, in the long term, if they now decide to pay MORE for their natural gas AND invest 10s of Billions for new pipeline, then it could work for Europe. but it would take YEARS before these pipelines are put in place.

The EU economy is already complaining of Chinese economic tactics to make the produce cheap by mailulating there currency and over production ,cheap labour prices etc.
For EU told tactically bring down cost,inflation Russian gas is their one allay .wether you play short or long

They know they just want to act like Russia don't matter to them.

God bless putin God bless mother Russia.