European Gas Surges As Dutch Government To Shutter Massive Field
The Netherlands is closing the Groningen gas field from October 1. Permanently. That's according to media reports.
This is a long-running saga and as far as I'm aware, the news shouldn't come as a surprise. The field, Europe's largest, is a sore spot for locals, who've incurred incalculable property damage over several decades tied to dozens upon dozens of earthquakes linked to gas extraction.
"Incalculable" may not be the right word. Aggrieved residents have attempted to calculate the scope o
This is good for US gas producers and could affect our prices. It definitely is good for LNG carriers.
Good for other European gas producers – the huge Norwegian one especially.
yeah, who gives a flying fu*ck about any repercussions as long as we can make a buck or a euro on it.
who cares that the supply of gas being reduced will result in more coal being burned accelerating further global warming and exacerbation of respiratory health issues. accelerating climate change is a small price to pay. oh, shit energy price disinflation was one of the bright spots in the inflation and interest rate “story”
There were earthquakes in the area of the gas fields?