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9/25/22

The Netherlands: Sitting on top of major gas reserves.

Despite skyrocketing energy prices and a shortage of natural gas supply in the European Union, the Dutch government has taken the decision to proceed with the closure of natural gas wells in the Groningen region. The field is one of the biggest in the world, worth up to 1000 billion Euros. But for now, it's a treasure that will remain untapped for the forseeable future.

The reason the decision was taken was because of seismic shocks triggered by the gas extraction in the area. Some 1200 earthquakes have been recorded so far, with around 27,000 homes being severely damaged and deemed unsafe to live in. That's according Jan Wigboldus, president of the Groningen Gas Council, an umbrella group representing civil society organisations in the impacted region.

Read more at: https://www.euronews.com

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