Netherlands

Natural gas production from the Netherlands’ Groningen field will end by Oct. 1, the Dutch government confirmed late last week, largely eliminating what was long a top supply source for Europe.  The continent has depended on production from Groningen for decades. The field reached peak annual output of 88 billion cubic meters (Bcm) in 1976,…

Dutch transmission system operator NV Nederlandse Gasunie said this week it continues to explore ways to boost LNG import capacity in the Netherlands, including expanding existing facilities in Rotterdam and Eemshaven. At the same time, the company said a study indicated that a new floating storage and regasification unit (FSRU) in the port of Terneuzen…

Russia’s state-controlled Gazprom PJSC has threatened a cut-off of natural gas supplies to Denmark and the Netherlands, and a partial reduction for Germany, as it continues to demand contract payments in rubles. On Monday, Denmark’s Ørsted AS and GasTerra BV in the Netherlands both reported they were notified by state-controlled Gazprom that it would halt…

The Netherlands will rely on increasing liquefied natural gas (LNG) imports instead of counting on domestic gas production from the Groningen field to help replace Russian imports.    The Dutch government has decided against increasing output from Groningen, which was under consideration as a way for Europe to refill natural gas storage and displace Russian supplies. …

Natural gas production from the Groningen field in the Netherlands may nearly double from 3.9 billion cubic meters (Bcm) to 7.6 Bcm this year because of a request from Germany for additional supplies and a delay in the start-up of the Zuidbroek nitrogen facility.  Germany approached the Dutch government as the country “expects to need…

Total SE said this week that an affiliate has completed the largest marine refueling with liquefied natural gas (LNG) ever to take place.  The company said it filled the CMA CGM Jacques Saadé, a large containership, with 17,300 cubic meters of LNG at the Port of Rotterdam in the Netherlands last week, making it the…

LyondellBasell Industries, a worldwide chemical company based in the Netherlands, said it hopes to join other manufacturers in taking advantage of the abundance of natural gas and natural gas liquids (NGL) produced from shale formations as it begins construction this month on the first of several projects to expand ethylene capacity in the United States by about 20%.

Swiss bank UBS AG and Netherlands-based global banking group ABN AMRO said late last week that they have entered into an agreement under which ABN AMRO will sell its global futures and options business to UBS for $386 million in cash plus net tangible assets. The companies said closing is expected toward the end of the third quarter of 2006.

Swiss bank UBS AG and Netherlands-based global banking group ABN AMRO said Thursday they have entered into an agreement under which ABN AMRO will sell its global futures and options business to UBS for $386 million in cash plus net tangible assets. The companies said closing is expected towards the end of the third quarter of 2006.