Shell/Exxon Induced Earthquakes undermine Dutch Gov Revenues
By John Donovan
The Groningen gas field is a giantnatural gas field located nearSlochteren in Groningen province in the northeastern part of theNetherlands. Discovered in 1959, it is the largest natural gas field in Europe.
It is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil, with each company owning a 50% share. For decades all went well.
The venture was a money spinner for Shell, Exxon, the Dutch government and the local population.
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