A Massive Natgas Production Cut You Didn’t Hear About

The natural gas market in North America is fretting about over-supply. But in another one of the world’s key natgas centers, the problem is exactly the opposite this week.The place is Western Europe. Where unexpected events may have tipped natgas into shortage — pushing prices higher.On Monday, the government of the Netherlands announced significant production cuts for the country’s giant Groningen natgas field. Immediately restricting the output of the field to 16.5 billion cubic meters (bcm) for the first half of 2015.That’s a sizeable drop…

Share this:

Like this:

Related