Dutch Court Rejects Gas Production Cap at NAM-Operated Field -Reuters
November 15 2017 - 09:56AM
Dow Jones News
--The Netherlands' top administrative court dismissed a
government plan to limit production at a major gas field in
Groningen operated by NAM, the Royal Dutch Shell and ExxonMobil
joint venture, Reuters reports.
--The court said it was "unacceptable" to potentially keep
production unchanged for five years when it could be possible to
cut demand further, meaning the government will need to draft a new
plan, according to Reuters.
--NAM said the ruling supports its view that a safe level of
production can be determined with the appropriate models, while
Groningen residents affected by earthquakes stemming from the gas
field also lauded the decision, Reuters reports.
Full story: http://reut.rs/2iXe6BO
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(END) Dow Jones Newswires
November 15, 2017 10:41 ET (15:41 GMT)
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