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Dutch regulator points to possible 48% production cut at Groningen gas field

|By: , SA News Editor
  • The Dutch mining regulator recommends cutting production at the Groningen natural gas field, the biggest in Europe, by 44% to 12B cm/year from the current cap of 21.6B cm/year to reduce the risk of earthquakes.
  • The government already has cut production from Groningen several times in recent years as decades of extraction have led to dozens of earthquakes each year; once the largest supplier of European Union gas, output at Groningen has been cut by 60% from a peak of 54B cm in 2013.
  • Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM).

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