Abstract

Natural gas occupies one of the leading places in the energy system of the modern world. More and more countries are using environmentally friendly raw materials for domestic needs, moving away from coal consumption due to the decarbonization policy. The article provides an overview and analysis of data on two leaders in natural gas deposits in Europe: Norway and the Netherlands. Special attention is paid to the history of the development of the kingdoms gas market and its impact on the formation of this industry in the European Community and in the world. Both the largest deposits of Troll and Groningen and little-known small deposits discovered at the moment, such as Ekofix, Frigg, Drogen, Ozberg, OrmenLang, F4B, K5A, F4, FA and others, are considered. The development of oil and gas resources on the Norwegian Continental Shelf has followed different paths since the first commercial production of hydrocarbons began in 1971. All licensees on the Norwegian Continental Shelf are responsible for the sale of their own gas. In contrast, the Netherlands, which required very large investments for the development of the Groningen field, developed a new type of take or pay – “take or pay” contract, and the gas price was tied to the oil price to return a large amount of public investment. Some results on the development of the industry in the countries have been summed up.

Highlights

  • Natural gas occupies one of the leading places in the energy system of the modern world

  • In the early years of offshore operations, the development of gas resources was constrained by market and political considerations

  • Since the 70s, oil and gas have been produced at 106 fields

Read more

Summary

Introduction

Natural gas occupies one of the leading places in the energy system of the modern world. These countries are the largest producers and exporters of natural gas in Europe. The Kingdom of the Netherlands is not in this list, but back in 2013 and earlier this indicator was at around 85 billion cubic meters gas production per year [2]. The development of oil and gas resources on the Norwegian Continental Shelf (NCS) has gone in different ways since the start of the first commercial production of hydrocarbons in 1971.

Results
Conclusion
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.