Shell, Exxon not to seek compensation for end of Groningen gas production: government

Reuters  |  AMSTERDAM 

(Reuters) - Energy companies and will not submit a claim for missed revenue due to the Dutch government's decision to halt at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on Monday.

The expects that around 450 billion cubic metres (bcm) of gas will be left in the ground at the Groningen field, with an estimated value of 70 billion euros ($81.5 billion).

($1 = 0.8587 euros)

(Reporting by Bart Meijer, editing by David Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 25 2018. 15:49 IST