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The Future of Natural Gas in Europe

The Golden Age of natural gas, announced by the IEA only a couple of years ago, has not materialized in Europe to date. In the electricity sector, gas increasingly finds itself squeezed between cheap coal and subsidized renewable energy sources. Domestic production of natural gas is declining more rapidly than anticipated, chiefly due to the Dutch government’s decision to curtail production at the largest natural gas field in Europe, to mitigate frequent earth tremors reported from the area.

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