May 23, 2022

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The central government will pay the Non-Aligned Movement billions for the use of Norwegian gas storage

The central government will pay the Non-Aligned Movement billions for the use of Norwegian gas storage

The state will pay NAM Gas and Oil billions of euros for the use of gas storage at Norg. As a result of the arbitration case between the two parties, Writes Minister of State Filberev to the House of Representatives.

The warehouse is owned by NAM and used by the state to be able to close the Groningen gas field more quickly RTV North† Exact costs are calculated at the end of each year, but Filebrev expects to rise to a total of €7.5 billion in the coming years.

dilute

The arbitration case arose out of the agreements between the parties to fill the Norg gas storage facility henceforth with foreign gas diluted with nitrogen. Then it is similar to Groningen in quality.

By filling the gas depot with this foreign gas instead of Groningen gas, 11.9 billion cubic meters less could be extracted from Groningen. This paved the way for the closure of the Groningen field years ago.

safety

The owner previously used NAM storage to store Groningen gas and sell it at a convenient time. Since Groningen gas can no longer be stored, this commercial component will disappear. In fact, NAM has to incur additional costs because they have to buy fake Groningen gas to fill up the store.

The company and the government had already agreed that the government should pay the market price for this. Filbrev says the outcome of the arbitration case resulted in significant compensation, but he gave in to it. “The safety of Groningen residents is paramount. The rapid closure of the Groningen field remains a top priority for the Cabinet.”

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