• Global Gas Analytics
  • Analysis & Forecasts

Europe & Russia Production

April 2018

Supply from the Groningen field in the Netherlands is set to be cut. This will hit overall Dutch volumes and limit Europe’s swing supply flexibility this winter.

The Dutch government has announced plans to reduce output from Groningen to 12 bcm/y by October 2022 at the latest, and to end production from the field by 2030. How quickly annual output will decline to 12 bcm will be influenced by the weather, and the 12 bcm cap could be brought forward if the coming winters are not...