Cap at Groningen leaves Europe reliant on North Steam, spot LNG
Monday, 05 March 2018
Imposing a more stringent output cap on the Dutch Groningen field, Europe’s largest onshore gas reservoir, due to another earthquake in the area, would leave Europe dependent on importing more natural gas from Russia through the Nord Stream pipeline, Wood Mackenzie warns, saying “upside potential from Norway will be limited until 2019.” Importing spot cargoes with US LNG could come to rescue.
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