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Dutch Senate postpones decision on Groningen gas field shutdown

Wed, 03rd Apr 2024 09:58

AMSTERDAM, April 3 (Reuters) - The Dutch Senate has postponed a vote on a law that would permanently close the Groningen gas field in the north of the Netherlands, as a majority called for more guarantees on the country's energy security.

Normal gas production at Groningen ended last October after years of production cuts to limit seismic risks in the region.

The gas field has been available for limited production during a cold snap in recent months, but the government has proposed a law that would close the field entirely by Oct. 1.

That law was backed by the Lower House of parliament last month, but several Senate fractions on Tuesday said they needed more guarantees that the law would not jeopardise the security of the country's gas supply.

Among those asking to postpone the vote were three of the four parties that are currently trying to form a new government, including the nationalist PVV party that won the November 2023 election and the centre right VVD of outgoing Prime Minister Mark Rutte.

Without the law, gas production could theoretically be resumed and Lower House lawmakers on Wednesday said they feared a considerable delay and ongoing uncertainty for people living in the region.

Rutte's caretaker government, in charge until a new government is formed, has repeatedly said it will not resume gas production at Groningen under any circumstance.

VVD lawmaker Silvio Erkens on Wednesday also said the decision to end gas production would not be reconsidered.

"But the Senate has the right to ask for more information," he added. (Reporting by Bart Meijer)

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5 Apr 2024 12:00

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5 Apr 2024 08:32

TOP NEWS: Shell sees lower Integrated Gas performance in first quarter

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5 Apr 2024 07:50

LONDON BRIEFING: Shell to book USD600 million first-quarter write-off

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4 Apr 2024 18:47

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4 Apr 2024 17:09

Europe Distillates-Diesel margins slip on rising inventories

LONDON, April 4 (Reuters) - Northwest European diesel barge margins fell by about $1 to $25.25 a barrel on Thursday as regional inventories rose.

Trades   Bids   Offers  Previous  Seller  Buyer
Session
0.1 GO Barge April
diffs fob ARA -$22
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo May
diffs cif Med +$6
per tonne
<GO-CND-MED>
50ppm barge
diffs fob ARA
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April April Shell, BP,
diffs fob ARA +$0.75- +$2-$3 Litasc Glenco
per tonne $2.25 (25.32KT o, re,
<ULSD10-BD-AR (32.45K ) ExxonM Gunvor
A> T) obil, ,
Mabana TotalE
ft nergie
s,
Vitol
Diesel cargo April Shell Vitol
diffs cif NWE +$13
per tonne (Amster
<ULSD10-ANYD- dam)
NWE>
Diesel cargo
diffs cif Med
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel
barge
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo flat
cif NWE per
tonne
<JET-CD-NWE>

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3 Apr 2024 12:10

Dutch Senate delays Groningen gas field shutdown

AMSTERDAM, April 3 (Reuters) - The Dutch Senate has postponed a vote on a law to close permanently the Groningen gas field, angering the government that has said production would never resume because of the risk of earthquakes.

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2 Apr 2024 20:50

Kazakhstan's Kashagan operator says reports of oil spill not confirmed

ALMATY, April 3 (Reuters) - The operator of Kazakhstan's giant offshore Kashagan oilfield said on Tuesday reports of an oil spill near the field have not been confirmed and its offshore facilities were working normally. (Reporting by Mariya Gordeyeva Writing by Olzhas Auyezov)

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2 Apr 2024 18:55

Europe Distillates-Diesel margins rebound

LONDON, April 2 (Reuters) - Northwest European diesel barge margins ticked $1.91 higher to around $25.05 a barrel on Tuesday, after hitting their lowest since July 2023 on Thursday in the final session before Easter holidays in Europe.

Trades   Bids   Offers  Previous  Seller  Buyer
Session
0.1 GO Barge Apr -$21
diffs fob ARA
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo April
diffs cif Med +$6.5
per tonne 0
<GO-CND-MED>
50ppm barge April
diffs fob ARA -$2
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April Apr Shell, BP,
diffs fob ARA +$2.54 $2-$4 Belgom Vitol,
per tonne (34.85K ine Glenco
<ULSD10-BD-AR T) re,
A> Gunvor
,
Totsa
Diesel cargo April Shell BP
diffs cif NWE +$14
per tonne (CIF
<ULSD10-ANYD- Thames)
NWE>
Diesel cargo Med
diffs cif Med +$3
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel CCM
barge -$6
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo +$6.50
cif NWE per
tonne
<JET-CD-NWE>

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LONDON MARKET CLOSE: Europe down after Easter holiday weekend

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