Daily Management Review

Shell CEO predicts energy shortages in Europe as early as in April


03/25/2026


According to Bloomberg, Europe is expected to soon face similar fuel supply issues that Asia has recently encountered, as a result of the conflict in Iran.



Chatham House
Chatham House
Shell's CEO, Wael Sawan, stated that the effects of the conflict are still affecting global fuel markets, starting with South Asia, then moving on to Southeast and Northeast Asia, and now increasingly impacting Europe as April gets closer.

He mentioned at the CERAWeek conference on Tuesday that they are working with governments to inform them about the different actions they need to take, including on the demand side and regarding storage.

Sawan mentioned that Shell might choose to invest in one or two natural gas projects in Venezuela by the end of the year.

source: bloomberg.com