Dutch regulator points to possible 2B cm cut at Groningen gas field [Seeking Alpha]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Seeking Alpha
Dutch regulator points to possible 2B cm cut at Groningen gas fieldThe Dutch mining regulatorrecommends cutting production at the Groningen natural gas field, the biggest in Europe, by 44% to 12B cm/year from the current cap of 21.6B cm/year to reduce the risk of earthquakes.The government already has cut production from Groningen several times in recent years as decades of extraction have led to dozens of earthquakes each year; once the largest supplier of European Union gas, output at Groningen has been cut by 60% from a peak of 54B cm in 2013.Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.A,RDS.B) and Exxon Mobil (NYSE:XOM).Click to subscribe to real-time analytics on RDS.ANow read:Exxon: Time To Enjoy Its Acceleration »
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