Netherlands, Germany to jointly develop new gas field in North Sea

AMSTERDAM: The Netherlands and Germany will jointly develop and exploit a new gas field in the North Sea to help secure gas supply as Europe tries to wean itself off Russian fossil fuels, the Dutch government said on Wednesday.

Production at the field some 19 km off the north coast of both countries is expected to start by the end of 2024, the government said.

Germany’s Lower Saxony region last year had decided not to grant permits to the project, but reversed its decision due to the war in Ukraine, the Dutch Ministry of Economic Affairs said.