Dutch government to decide on filling Norg gas storage above current 80%

AMSTERDAM, Aug 16 (Reuters) - The Dutch government is expected to make a decision this month on whether to fill the country's largest gas storage facility further, officials said on Tuesday.

All Dutch gas storage facilities are currently about 70% full on average and have been filling up in recent weeks in line with meeting a European Union goal of being 80% full by November.

Filling of the biggest facility, the Norg storage plant near the Groningen gas field, has been temporarily paused after it reached the 80% mark, at approximately 5 billion cubic meters (bcm) of gas, a spokesperson for the Economic Affairs Ministry said.

The Dutch Cabinet has previously indicated it wishes Dutch gas storages to be filled beyond 80% due to uncertainty caused by the Russian invasion of Ukraine, but it has not detailed a plan or specified how that will be financed.

The Cabinet in April estimated the costs of having Norg, which is owned by a Shell SHEL.L /Exxon XOM.N consortium, filled by 5 bcm this year at roughly 6 billion euros ($6.11 billion).

Jan Hendrik Annema, a spokesperson for GasTerra, the gas trader that buys and sells gas on behalf of the Dutch government, said Norg would require another 1.2 bcm to be filled to capacity.

He said discussions were underway for a target "in any case to a higher level than now. That level and the conditions are the focus of the discussions."

He estimated the cost, at current gas prices, to purchase the gas needed to fill the facility to capacity at 2.5 billion-3 billion euros.

The government is separately subsidizing companies to fill the 4.1 bcm gas storage facility at Bergermeer, which is currently around 57% full. ($1 = 0.9828 euros)
Reporting by Anthony Deutsch and Toby Sterling; Editing by Susan Fenton

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。