Netherlands plan to close Groningen gas field
Dutch authorities still think that the Groningen gas field, once the largest in Europe, should be closed by October. The reason is the risk of earthquakes. This information was given by the Financial Times, with reference to the governmental authorities on Sunday.
Hans Vijlbrief, State Secretary for the Extractive Industries, declared he would continue to follow the previously defined schedule. According to him, the quake-prone gas field should be closed on October 1 with the possibility of preserving it in working order for another year. It is important in case Europe runs out of gas next winter.
In an interview with FT, the policymaker said that everyone who knows about the threat of earthquakes tells him how risky it is to continue working there. Therefore, he is convinced that Groningen should be closed.
Production at the gas field was drastically reduced during the 2010s. That happened after the authorities and NAM (joint venture of Exxon and Shell) understood the threat that earthquakes pose to people and equipment.
At the present time, the cost of gold is firmly entrenched at $1,900 dollars per ounce. That mark is already very close to a possible maximum predicted by analysts. That kind of dynamics is driven by noticeable dollar weakening and decrease in the yields of the U.S. government bonds.
27 JanuaryAccording to expectations of strategists of the Internationale Nederlanden Groep, gold will grow in 2023.
27 JanuaryThe U.S. economy unfolded more actively in the fourth quarter than analysts might have expected. However, domestic demand grew at the slowest pace in 2.5 years, reflecting the impact of higher credit costs.
27 JanuaryThe U.S. strategic petroleum reserve (SPR) decreased by more than 40% in two years. The reserves were 371.57 million barrels on January 20, compared to 638.08 million barrels a year ago.
27 JanuaryThe European Union plans to implement a $100-per-barrel limit on Russian diesel fuel.
27 January