The Netherlands and Germany will jointly develop and operate a new gas field in the North Sea to help secure gas supplies as Europe tries to dispense with Russian fossil fuels, the government said on Wednesday. following the announcement by Russian Gazprom of the suspension of its deliveries to the Dutch supplier GasTerra.
The gas field, located about 19 kilometers off the north coast of the two countries, will go into production by the end of 2024, The Hague said.
Gazprom cuts off gas to GasTerra
Extractive Industries Secretary of State Hans Vijlbrief “issued permits for the Dutch side today,” he said in a statement, adding that “an accelerated permit procedure is underway” in Germany .
Russian gasmaker Gazprom on Wednesday suspended deliveries to Dutch supplier GasTerra, which is partly owned by the Dutch state, for refusing to pay in rubles.
The Netherlands currently uses about 40 billion cubic meters of natural gas, of which about 6 billion cubic meters came from Russia according to the government, or about 15% of its gas supplies.