Groningen, Rough problems will boost gas prices

By Silvia Favasuli 21 April 2017
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Location of the Groningen gas field, the Netherlands. There is little silver lining for the field’s output. (Skitterphoto) Location of the Groningen gas field, the Netherlands. There is little silver lining for the field’s output. (Skitterphoto)

Reduced production at the Groningen gas field in the Netherlands combined with ongoing problems at the UK’s Rough storage facility should lend some support to European prices next winter.

Production at Groningen is expected to fall following a decision by Henk Kamp, the Dutch economic minister, to reduce output at the field by a further 10% starting from October 2017.

Jonathan Stern, founder of the Natural Gas Research Programme at the Oxford Institute for Energy Studies, told Interfax Natural Gas Daily the move could prove bullish for hub prices later in the year.

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