Europe & Russia: Production

May 2017

Dutch production will fall over the coming months, weighing on Europe’s overall output during the summer.

Output from the Groningen field in the Netherlands rose by around 10% year on year during Q4 2016, the start of the 2016/2017 gas year. In contrast, Groningen’s output fell by 4% on an annual basis in Q1, and further declines will be seen over the coming months. Production at the field is expected to fall by around 25% year on year during the summer to keep output within the 24 bcm cap set for the 2016/2017 gas year. This will weigh on overall Dutch output through September.