Dutch to end Groningen gas production quicker than predicted
The Dutch government will end production at the vast Groningen natural gas field sooner than previously announced, Dutch Economy Minister Eric Wiebes said.
“I expect the Groningen field to no longer be necessary very soon”, Wiebes said in an interview on Dutch public radio.
“Things are moving very fast, a lot faster than anyone would have predicted some time ago.”
Output at Europe’s largest onshore gas field, operated by Royal Dutch Shell Plc and Exxon Mobil Corp, has been slashed in recent years as tremors blamed on drilling have damaged buildings and sparked unrest in the region.
Following a 3.4 magnitude earthquake, the government vowed last year to halt output at Groningen by 2030 and lower production as quickly as possible in the coming years.
Wiebes indicated on Tuesday the end of extraction would come a lot sooner than by the end of the next decade and said he would inform parliament soon on the exact date.
“We used to think that production would go on forever, then I said it would end by 2030, and I will soon say when it will end exactly”, the minister said.
The Dutch government said in June that output at Groningen looked set to drop 20% more than previously announced, to 12.8 billion cubic metres (bcm) in the year starting October 2019.
(Reporting by Bart Meijer; Editing by Peter Cooney)
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments