The Dutch government has said it expects to stop extracting gas from a vast underground field in the country's north by mid-2022, ending decades of lucrative drilling.
Even the seller of natural gas from Europe’s largest field was taken aback by the Dutch government’s decision last year to close it forever.
Cuadrilla and Ineos decided last month that it was time to ramp up the pressure on the UK Government to relax the seismic shocks threshold for their shale gas (and oil) exploration effort onshore.
A production cap on the earthquake-stricken Groningen gas field proves the need for Europe’s controversial Nordstream 2 pipeline, according to a leading analyst.
Planned production cuts to the Europe’s largest gas field is to cost the Dutch state-run Enrgie Beheer Nederlands $5billion over the life of the field as well as cause the continent to look elsewhere for supply, according to analysts Wood Mackenzie.
Dutch operator NAM has proposed reducing output from the Groningen gas field after an earthquake struck the area earlier this week.
A Dutch court has received 25 appeals against the government's decision to cap production at the Groningen gas field to an annual figure of 24 billion cubic metres from protesters who do not think it goes far enough.
A Dutch advisory body has advised the government to make additional cuts production at the Groningen gas field to reduce the risk of earthquakes in the northern province, according to reports.
A Dutch Court is set to rule later this month regarding production on the Groningen field after output was reduced because it was causing earthquakes. The Council of State in September heard arguments in the case, which is seeking to slow or stop production at Europe's largest gas field.
A Dutch court is set to hear arguments that production from Europe’s largest natural gas field should be suspended because earthquakes linked to extraction threaten safety. The Netherlands has progressively cut the amount of gas won from the Groningen field in the north amid protests over the tremors, with the Economy Ministry in June slashing this year’s output cap by 29 percent. The Administrative Jurisdiction Division of the Council of State will hear 41 appeals from local political parties, environmental organizations and individuals against an earlier production decision on Thursday, and possibly Friday, before making a final ruling in October or November.
The Dutch Economy Minister has insisted production at the Groningen field will not exceed more than 36.4billion cubic metres this year. Henk Kamp wrote to the country's parliament to confirm caps previously agreed on Europe's largest oil field would remain in place. In February the minister cut first half 2015 production to 16.5 bcm, sending gas prices surging in Northwest Europe. The overall annual target for the year is still to be confirmed in July.
Dutch communities rattled by earthquakes are upending Europe’s energy market. Towns in the northern province of Groningen sit atop the continent’s biggest gas field, where the Dutch government says exploration by oil and gas majors Royal Dutch Shell and ExxonMobil has triggered 196 earthquakes since 2013, damaging buildings and making home sales difficult.