With gas production from the giant onshore Groningen field set to fall to less than 4 Bcm/year in the early 2020s and to be shut in permanently by 2030 – or even earlier – the Netherlands will become increasingly dependent on imports. For a country used to being a net exporter of gas, the shift will be seismic. And while the country has enough infrastructure to import gas to meet its future demand, that is not enough to secure gas supplies in the future, Annie Krist, CEO of Dutch gas trader GasTerra, said in an interview late last year. Instead, stakeholders should think “seriously” about locking in future gas imports, Krist said. “You need more than pipelines and other facilities to secure supplies. After all, the gas has to be bought and sold as well,” she said. “Until now, being a net exporter of gas, the country didn’t have to worry about that. Now policy makers and other stakeholders should start thinking how to tackle this issue.” Supply security Earlier this year, GasTerra commissioned consultancy IHS Markit to research what policies the Netherlands should follow to ensure gas supply security post-Groningen. IHS concluded that relying fully on spot gas and… continue reading
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Source: CTRM Center