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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessGroningen Production Lowered to Minimum Operational Amount
The Dutch government has as expected cut production on the Groningen natural gas field.
- Gas Year 2022-23 output will decrease to a maximum of 2.8bcm, down from 4.5bcm in 2021-22. Output will be lowered to the minimal amount needed to keep wells operational in the coming year.
- The Dutch government will decide by April 2023 whether 6 of the 11 production facilities in Groningen can be closed with extraction expected to end by 2024 at the latest. 11 facilities will remain operational over the winter in case of a gas supply emergency.
- Tremors blamed on the drilling at the field and an unusually strong earthquake in 2018 saw the government promise to end production.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.