The great Dutch gas transition
In this podcast David Ledesma speaks with veteran energy journalist Karel Beckman, who writes a weekly column on gas transitions for Natural Gas World, about one of the most surprising turnarounds in modern energy history: the decision by the Dutch government to phase out the production of gas within the next few years and consumption by 2050. For sixty years, Dutch households, industry and agriculture relied heavily on domestically produced gas, and Dutch gas exports served as the backbone of the North West European gas system. Government revenues from gas over this period totalled some €417 billion. Karel Beckman explains why the Netherlands are saying goodbye to their gas riches, leaving some 500 bcm in the ground as an enormous stranded asset and what the implications are for the European gas market. He also discusses the lessons that may be drawn from the Dutch “Energiewende” by other countries. Karel’s article “The great Dutch gas transition” can be found here.