[GGP] The Termination of Groningen Gas Production—Background and Next Steps
In March 2018, the Dutch government decided to phase out production from the Groningen natural gas field by 2030. In a new commentary, authors Tim Boersma, W. J. Evert van de Graaff and Lucia van Geuns review the decision to shut down the giant field that has brought the Dutch both prosperity and discord for 50 years. The move dovetails with the Netherlands efforts to phase out natural gas and enact ambitions carbon emissions reductions schemes. The authors discuss several of the plans under consideration, including plans that would ban connecting new houses and buildings to the natural gas grid and the dismantling of the existing grid while encouraging consumers to switch to electricity for cooking and to heat pumps or heat networks. Importantly, the paper discusses the significant costs of this transition, the lack of clarity around who will bear these costs and the reality that as domestic gas production decreases, it will increase Dutch dependence on imports and open it up to new geopolitical factors.
Read the Full Report from the Columbia|SIPA Center for Energy Policy, The Termination of Groningen Gas Production—Background and Next Steps HERE
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