Europe’s Biggest Natural Gas Producer Is Running Out of Fuel
- Netherlands has extracted almost 80 percent of its reserves
- Dutch government reducing production after earthquakes
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The European Union’s biggest natural gas producer is running out of reserves.
The Netherlands, also the region’s largest trading hub for the fuel, has used up almost 80 percent of its natural gas reserves, Dutch statistics office CBS said on Friday. Production fell 38 percent over the previous two years and is set to fall further as the government limits extraction because of earthquakes in Groningen, the province that houses the EU’s largest gas deposit, it said.