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Earthquakes Cause Giant Natural Gas Field To Cut Production By 44%
Oil Price ^ | 27 June 2016 | Dave Forest

Posted on 06/29/2016 7:20:22 PM PDT by Lorianne

Europe just lost a big chunk of production from one of its most critical natural gas fields, and not for any of the usual reasons — technical problems, pipeline constraints, or terrorist disruptions.

These cuts are due to earthquakes.

The development came at the Groningen natgas field in the Netherlands. The largest producing field in Western Europe — and one of the world’s top 10 gas fields by size.

Groningen’s massive size has been an issue lately though, with drawdown from the field having caused seismic events in the areas above and surrounding the field.

Such concerns prompted the Dutch government to take action Friday. With the country’s Economics Minister Henk Kamp saying that regulators will reduce Groningen’s permitted output by 11.1 percent — to 24 billion cubic meters per year (850 billion cubic feet), down from a previous allowance of 27 billion cubic meters.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: energy

1 posted on 06/29/2016 7:20:23 PM PDT by Lorianne
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To: Lorianne

Damn brits. They are ruining everything


2 posted on 06/29/2016 7:29:18 PM PDT by BRL
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To: BRL

It’s a win-win. European welfare states lose and the gas price goes up, helping our producers.


3 posted on 06/29/2016 7:31:36 PM PDT by sagar
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To: Lorianne
Groningen’s massive size has been an issue lately though, with drawdown from the field having caused seismic events in the areas above and surrounding the field.

As with gas and oil production in this country; I see nothing in the story that mentions any proof that the gas field production is in fact causing earthquakes.

4 posted on 06/29/2016 7:32:22 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: sagar

Be good for my area, we are pretty much all natural gas.


5 posted on 06/29/2016 7:33:03 PM PDT by Bulwyf
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To: Lorianne

So it wasn’t because of earthquakes, the leftist bureaucracy used seismic activity as an excuse to shut down production.


6 posted on 06/29/2016 7:34:15 PM PDT by Williams (If Trump is not the nominee ... The party's over.)
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To: Williams

For all I care, all leftists all over the world could shut down all gas/oil production in their areas for any reason. Good for them! It only helps us with our price.


7 posted on 06/29/2016 7:38:07 PM PDT by sagar
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To: Lorianne

Fracking?


8 posted on 06/29/2016 7:41:58 PM PDT by 867V309 (It's over. It's over now.)
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To: 867V309

Caused by NO fracking....


9 posted on 06/29/2016 7:44:21 PM PDT by Paladin2 (auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
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To: BRL

George Bush is a Brit?


10 posted on 06/29/2016 7:51:31 PM PDT by 17th Miss Regt
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To: Lorianne

If I had to make a guess, these quakes were on the order of 2.0 on the Richter scale.


11 posted on 06/29/2016 8:30:25 PM PDT by crusty old prospector
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To: Pontiac

The next time you hear of an earthquake in this country, you should be able to find it at:

http://earthquake.usgs.gov/earthquakes/map/

It lists the depth (in km...1.57 km = mile).

Most fracked wells are 1-4 miles down. And usually the earthquakes are much deeper. Its right there in black and white...every single earthquake in the country...I don’t know why the earthquake claims go unchallenged.


12 posted on 06/29/2016 8:49:38 PM PDT by lacrew
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