Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Dutch minister says reduce output at Groningen gas field by "as much as possible"

AMSTERDAM (Reuters) - The Dutch minister for the economy said on Monday that output at the large Groningen gas field should be reduced “by as much as possible” during the current government term through 2021.

Eric Wiebes made the comment following a magnitude 3.4 tremor earlier on Monday that was the largest in recent years.

Dozens of earthquakes every year, resulting from decades of gas extraction, have caused damage to thousands of buildings and homes and prompted a dramatic shift in government policy now aimed at capping output.

The new coalition government under Prime Minister Mark Rutte has already agreed to reduce output to around 20 Billion cubic metres (Bcm) from a current 21.6 bcm, Wiebes was quoted by the ANP news agency as saying in a reaction to Monday’s quake.

“I will try to reduce by as much as possible,” he said. “Whatever it takes, we have to bring down gas production. The Netherlands has to stop using natural gas.”

Amid an ongoing legal battle, the government had proposed last year capping production at the Groningen gas field at 21.6 bcm per year for five years, after a 2015 report found production was risking lives.

That reduction, the justification for which is currently under a legal review, would be down from 24 Bcm in the production year just ended and 39.4 Bcm in 2015-16.

The NAM joint venture between Royal Dutch Shell and ExxonMobil operates the Groningen field.

(Reporting by Anthony Deutsch, editing by David Evans)


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Business Trends: Opportunities and risks in the global LNG market
-Michael Hinton
Natural gas use has strongly increased around the globe, supported by higher demand and growing availability of gas.
EWAnalysis: Impact of technology on gas processing plants
-Bob Andrew
The gas processing industry has modernized and embraced technology throughout boom and bust cycles.
Executive Interview: BHGE enhances LNG, process plant services with digital portfolio
-Maria Sferruzza
Maria Sferruzza is President, LNG and Global Services for BHGE’s Turbomachinery and Process Solutions (TPS) business, based in Florence, Italy.
Industry Trends: Five trends shaping the North American gas market to 2030
-Yasmine Zhu
The shale revolution has changed the game for the North American natural gas market over the past decade.


GasPro 2.0: A Webcast Symposium

Register Now

The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.