Dutch gov't says faster gas output cuts at Groningen may be possible
AMSTERDAM, (Reuters) - The Dutch government thinks it may be able to reduce gas production at the Groningen natural gas field to less than 12 billion cubic metres (bcm) by October 2020, the economic affairs minister said in a letter to parliament.
Eric Wiebes wrote that a plan to build extra capacity to convert high-caloric foreign gas to the low-caloric gas needed for the Dutch network could be ready in 2021.
Reductions in German demand and purchases of nitrogen to mix with foreign gas could help reach the target a year earlier.
In March, Prime Minister Mark Rutte said the government aimed to end all production in Groningen by 2030 due to the damaging earthquakes it causes.
The country's official plan for production this year is 21.6 bcm, but current levels suggest actual output will be lower. (Reporting by Toby Sterling; editing by Jason Neely)
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT