On February 18, GasTerra published its figures for 2014

26-03-2015

After a number of years with – historically – high operating results, both the gas volumes sold and revenues have decreased. The sales volume was 81,3 billion cubic meters (2013: 89.3), with a turnover of 19.5 billion Euros (2013: 24.3).

This decrease has two main causes. Firstly, the volume reduced due to higher average temperatures and the decision by the Dutch government to limit the gas production in Groningen to a maximum of 42.5 billion cubic meters. In addition, the average price level was below the level in 2013, especially in the summer months. The rates in Europe came under pressure due to a reduced demand for gas in combination with a larger supply of gas. Read more.