About Groningen Gas Field | UPSC Current Affairs

Copyright infringement not intended

About:

The Netherlands is to close production at Groningen gas fields by October due to the potential risk of earthquake.
- The Netherlands for decades was one of Europe's main gas suppliers through the Groningen field until they decided to cut production to limit the seismic risks.
The Groningen gas field is a natural gas field in Groningen province in the northeastern part of the Netherlands.
- It is the largest natural gas field in Europe.
- Revenue from natural gas production was an important source for the country.
Since 1991 the area is experiencing continuous earthquakes. This led to damage to houses and unrest among residents.
- Therefore, It was decided to phase out gas extraction from 2014 onwards.
- The Groningen gas field is expected to be closed between 2025 and 2028.

Netherlands

The Netherlands (Dutch) is a country located in Northwestern Europe with overseas territories in the Caribbean.
The Netherlands borders;
- Germany in the East
- Belgium in the South
- North Sea coastline in the North and West.
It shares maritime borders with the United Kingdom, Germany and Belgium in the North Sea.
The country's official language is Dutch.
Amsterdam is the country's most populous city and the nominal capital.
In the Republican period, which began in 1588, the Netherlands entered a unique era of political, economic, and cultural greatness, ranked among the most powerful and influential in Europe and the world; this period is known as the Dutch Golden Age.
- During this time, its trading companies, the Dutch East India Company and the Dutch West India Company established colonies and trading posts all over the world.
It was the first country to legalize same-sex marriage in 2001.
It ranks among the highest in international indices of press freedom,economic freedom,human development and quality of life, as well as happiness.

Copyright infringement not intended

GRONINGEN GAS FIELD