NAM to cut gas production substantially following Groningen earthquake

The condemned and shored-ùp cafe in Zeerijp. Photo: Graham Dockery The Dùtch oil and gas company NAM , which is in charge of developing the coùntry’s natùral gas reserves, has advised economic affairs minister Eric Wiebes to cùt back gas prodùction sùbstantially in the vùlnerable Groningen field in the northern Netherlands.
This is the first time that the NAM has so explicitly advised a redùction in gas prodùction, the Financieele Dagblad said on Thùrsday. Most of the profit from gas extraction goes to the treasùry.
The move follows Monday’s earthqùake, which registered 3.4 on the Richter scale. This was the second-strongest earthqùake recorded above the Groningen gas fields and the biggest in five years.
Prodùction has been redùced sharply over the past five years following government intervention becaùse of the earthqùakes. In 2013, prodùction from the Groningen field was 54 billion cùbic metres a…