Netherlands turns to LNG
The Dutch reign as a pivotal European gas supplier is officially over, as supply from the Groningen gas field declines
The Netherlands is now officially a net gas importer, as dwindling domestic gas output means it is no longer a key European supplier. As a result, the country has nearly tripled LNG imports into its sole terminal, at Rotterdam, to ensure it can meet domestic demand. Dutch LNG imports rose 167pc in 2018 to a record-breaking 4.05bn m³, government data shows. The Netherlands' own gas production, mainly from the giant Groningen gas field, was for the first time in nearly six decades insufficient to meet annual domestic demand. GasTerra, the official wholesaler of Dutch gas, says the Netherlands' reliance on imports is bound to rise over the coming years. "Ever since the first molecules of gas st
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields