The Netherlands to Expand Offshore Gas Extraction and Nuclear Energy

The incoming Dutch government has announced plans to reduce the country’s dependence on “unreliable countries” by expanding offshore natural gas extraction and nuclear energy production, according to Reuters

The draft coalition pact, presented by the right-wing government on Thursday, said that the Netherlands will adhere to international climate goals but will not impose additional national restrictions.

The government aims to secure long-term contracts for natural gas and build reserves of gas and critical commodities. While the large gas field under the Dutch province of Groningen will remain closed, gas production in the North Sea will be increased. The country’s plans to expand offshore wind appear to be unchanged, while the construction of new wind turbines on land will be de-emphasized.

The government also reaffirmed its commitment to increasing nuclear energy production in the Netherlands. The nuclear reactor in Borssele will remain open, and the construction of two new reactors will continue. Additionally, two more nuclear reactors are planned to be built, with the possibility of further multiple small reactors in public-private partnerships.

These plans reflect the difficulties the Netherlands faced after losing access to Russian gas following the start of the Ukraine war in 2022 and align with the conservative and populist themes of the four political parties in the prospective government.


Information for this story was found via Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Antimony Resources Expands New Discovery Following Trenching

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

Related News

Canada Signs $3-Billion Support For Nuclear… In Romania

Canada and Romania have inked a significant $3-billion export development deal in which two state-of-the-art...

Thursday, September 21, 2023, 01:12:08 PM

Calls Begin For Canada To Build A Full Nuclear Supply Chain

“Canada appears on the verge of a nuclear-power renaissance instigated by the need for reliable...

Monday, April 15, 2024, 01:27:09 PM

Serbia Ends 35-Year Nuclear Power Ban for Energy Transition

Serbia’s parliament has voted to end its long-standing moratorium on nuclear power development. The decision,...

Monday, December 2, 2024, 12:55:26 PM

Ukraine To Use American Technology To Build More Nuclear Power Plants In 2024

Ukraine’s Energy Minister, Herman Halushchenko, announced on January 21 that the country will begin the...

Tuesday, January 23, 2024, 03:18:00 PM

Canada Adds Nuclear Energy to Green Bond Framework

In its 2023 Fall Economic Statement, the government of Canada announced an updated green bond...

Wednesday, November 22, 2023, 11:42:00 AM