Station Wildervank of the Groningen natural gas field. Public domain
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The Groningen natural gas field, the largest in the European Union, is running out of reserves, with an estimated 17 years left before stocks will be depleted, The Netherlands announced Friday.In 2013, the government made around 13 billion euros ($14.5 billion) from natural gas, but that dropped to around 5.0 billion euros last year.The Hague announced in June it was planning to cut the Groningen gas field's production by another 11.1 percent – from a current 27 billion cubic meters to 24 billion cubic meters – over the next five years.However, by May last year, natural gas imports for the first time overtook exports in the country which is the largest consumer of natural gas within the 34-member Organisation for Economic Co-Operation and Development (OECD).
FOLLOW THIS ARTICLE