Friday, 9 February 2018

OFFICIAL Groninger Rhapsody



The Dutch oil and gas company NAM, which is in charge of developing the country’s natural gas reserves, has advised economic affairs minister Eric Wiebes to cut back gas production substantially in the vulnerable Groningen field in the northern Netherlands. This is the first time that the NAM has so explicitly advised a reduction in gas production, the Financieele Dagblad said on Thursday. Most of the profit from gas extraction goes to the treasury. The move follows Monday’s earthquake, which registered 3.4 on the Richter scale. This was the second-strongest earthquake recorded above the Groningen gas fields and the biggest in five years. Production has been reduced sharply over the past five years following government intervention because of the earthquakes. In 2013, production from the Groningen field was 54 billion cubic metres and this is set to fall to 21.6 billion cubic metres this year. However, locals are pressing for bigger cuts and have taken their campaign to court.

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