Shell, Exxon not to seek compensation for end of Groningen gas production -govt

Energy companies Royal Dutch Shell and Exxon Mobil will not submit a claim for missed revenue due to the Dutch government’s decision to halt gas production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on Monday. “A lot of gas will be left in the ground,” Economy minister Eric Wiebes said at the presentation of his deal with the oil majors responsible for extracting Groningen gas. The Dutch government in March said it would end gas production at the Groningen field by the end of the next decade, in an effort to stop …read more

Source:: Yahoo Finance

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