The world is on the threshold of a turbulent period due to the increasingly difficult supply of liquid gas, warned the director of the British-Dutch company "Shell", Ben van Beurden, assessing that Europe will hardly replace Russian gas, according to a report by the Bloomberg agency.

The world is facing natural gas shortages due to disruptions in deliveries from Russia to the United States and strong demand, fueled by the economy's recovery from the pandemic crisis, writes Bloomberg.

Meanwhile, Moscow has reduced gas deliveries to Europe through the Nord Stream 1 pipeline amid heightened tensions over Russia's invasion of Ukraine, and European governments have begun preparations to completely cut off shipments from Russia, the US agency added. The report added that Europe is trying to find a substitute for Russian gas and is considering options for increased imports of liquefied natural gas.

Shell's boss says Europe imports a third of its gas from Russia via the Nord Stream 1 pipeline. He warns that spare capacity is very low and demand is still recovering.

When that is taken into account, as well as the uncertainty over the war in Ukraine and the sanctions that could result from it, chances are high that we are in for a turbulent period, Bearden concluded.