Strong legal, political and social pressures mean that we will continue to see large productioncuts at the key Groningen gas field. This will greatly reduce the Netherlands' role as a key swing gassupplier to Western Europe over the decade, with net exports nearly disappearing by the second half of ourforecast period.
Latest Updates And Key Forecasts
Given the mature status of the Netherlands' key Groningen field and many of its offshore fields, weexpect gas reserves will steadily decline throughout our forecast period. Oil reserves will remain low.Lower oil prices will further limit investment in oil exploration over the coming years, and explorationwill remain focused on gas.