The Netherlands has achieved its objective of reducing its reliance on Russian gas, according to its energy minister, but as a key storage and transportation center, it remains vulnerable to any greater European gas crisis.

“We’ve seen huge energy savings in the first six months of this year, cutting gas usage by almost 33 percent ,” Energy Minister Rob Jetten said in an interview.

This drop is sufficient to replace the Dutch proportion of Russian gas imports, which has risen from 15% to 20% in recent years as local output in the Netherlands has declined.

Because of the magnitude of the Groningen field in the Netherlands, the nation was a significant supplier of natural gas to Europe for many years.

Jetten said that the field may still be called upon to assist neighboring nations in the case of a total cutoff of Russian supplies, which could jeopardize lives by, for example, denying electricity to hospitals in Germany.

It has around 450 billion cubic metres (bcm) of recoverable gas, which is over three years’ worth of European imports from Russia, but increasing production risks creating earthquakes. more info

Groningen is predicted to generate just 4.5 billion cubic meters this year and 2.8 billion cubic meters next year. Smaller areas in the Netherlands and the Dutch North Sea will generate roughly 10 billion cubic meters.

Source: Reuters

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