India

Netherlands Stopped Gas Production at Europe’s Largest Field in Groningen

Gas extraction in Amsweer, northern Netherlands, Friday, Jan. 19, 2018. Energy giants Shell and Esso, now ExxonMobil, set up the joint venture Netherlands Petroleum Company, known by its Dutch acronym NAM, in 1947. In 1959, NAM discovered the Groningen gas field, one of the world’s largest, with 2,800 billion cubic meters (98,870 billion cubic feet) of reserves. InternationalIndiaAfricaTHE HAGUE (Sputnik) – The Netherlands stopped gas production at Europe’s largest gas field located in the Dutch province of Groningen on October 1, 60 years after the start of development of the field, a national broadcasting company reported. The decision to stop gas production was made due to the risk of earthquakes. However, the media reported in June that gas wells may be opened next year in case of a very cold winter. At least 11 production locations will close, according to one report.

“Gas extraction in Groningen will stop. An important moment after decades of gas extraction and especially the consequences of that gas extraction for Groningen residents," said Hans Vijlbrief, Netherlands State Secretary for the Extractive Industries.

“The problems of Groningen residents have not yet been resolved and unfortunately the earthquakes will continue for years to come, but the source of all misery will be closed from October,” Vijlbrief added. The field makes up just a small portion of Europe’s gas production, however, its cease in production could cause more issues for Europe which has already experienced an energy crisis after cutting ties with Russian suppliers, leading to a sharp rise in gas prices for the bloc. The Groningen gas field, located in the northern Netherlands, was discovered in 1959, while its development began in 1963. The field’s initial recoverable gas reserves were 2.9 trillion cubic meters. For many years, the field was the main source of gas supply to Northwestern Europe, but due to numerous earthquakes in the province in the 1990s, the Dutch government decided to gradually limit production from it.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button