In 2017, following the decision to phase out production from the Groningen gas fields, the Netherlands became an importer of natural gas for the first time since the 1950s. Gazprom’s announcement to stop gas deliveries from 31 May and the restricted supply of gas in the months leading up to Russia’s invasion of Ukraine have laid bare the risk that comes with being a gas importer.
The Dutch government has proposed a range of measures to decrease gas dependency in the long term, including highly ambitious green hydrogen production targets, additional offshore wind and a commitment to nuclear power. Renewable projects and nuclear plants are not built overnight. So, what happens in the short term, where options are more limited?
In this session, we addressed the key results of our latest Dutch Power Market Forecast, Aurora’s long-term forecast and a deep-dive report on the Dutch market. We will quantify the impact of Russia’s aggression in Ukraine on the development of the Dutch power market, and compare different policy options to reduce gas dependency in the Netherlands.
Key topics from this talk included:
- What is the short to medium-term impact of Russia’s invasion of Ukraine on the Dutch power market?
- What measures are the Dutch government taking to reduce dependency on Russian gas, and what other possible measures?
- How dependent is the Dutch system on commodity imports under our Central and Net Zero scenario?
- What is the impact of different gas scenarios on renewable project economics?
To access the slides from this webinar, please click the link below and fill out the form.