AMSTERDAM, June 24 (Reuters) - The Dutch government hasdecided to cut production at the giant Groningen gas field fromits current level of 27 billion cubic metres a year from October1, 2016, Deputy Prime Minister Lodewijk Asscher said on Friday.
Earlier this week, the Netherlands' National MinesInspectorate advised the government to cap production at 24billion cubic meters (bcm) of gas annually, De Telegraafreported, citing a recommendation to Economy Minister Henk Kamp.
Groningen gas has supplied almost 10 percent of EuropeanUnion demand, and announcements on production cuts, driven by aspate of earthquakes in the country's northern province, haveled to spikes in gas prices. (Reporting by Thomas Escritt; Editing by Alexander Smith)