UPDATE 1-Groningen gas field in Netherlands to shut down as Senate approves law [Yahoo! Finance]
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Source: Yahoo! Finance
close the Groningen gas field, following the government's promise that production will never be resumed to limit seismic risks in the region. Normal gas production at Groningen in the north of the Netherlands ended last October after years of output cuts to limit seismic activity linked to decades of extraction, that has damaged thousands of buildings. The gas field, once one of Europe's main suppliers, was available for limited production during a cold snap in recent months, but the government has proposed a law that would close the field entirely by Oct. 1. The law will leave huge reserves in the ground and has been criticized by some politicians and gas industry advocates, who argue doing so could jeopardize the country's security of supply. The Senate responded earlier this month by unexpectedly postponing the final vote on the law, as several factions said they needed more guarantees on supply. That move angered the government, as Mining Minister Hans Vijlbrief - who ha
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