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Markets & Forecasts

Groningen declines could gather pace

Dutch gas production may fall more quickly as the pressure on the Groningen field mounts Dutch gas production may fall more quickly as the pressure on the Groningen field mounts.
By Catriona Scott 2 September 2019 Europe & Russia / Exploration & Production 0 34536
A station at the Groningen gas field in the Netherlands. (Skitterphoto)

Directional impact on forecast:
Bearish for Dutch gas supply

The falling rate of gas production in the Netherlands is expected to gather pace as the pressure on output from the Groningen field increases. Eric Wiebes, the Dutch minister of economic affairs and climate policy, said in a recent interview that the government will look to shut down production from Groningen completely before the current scheduled 2030 deadline if possible.

Interfax Global Gas Analytics estimates output from Groningen will be around 18 billion cubic metres...