We are part of a chain which includes all activities from extraction to use of natural gas. GasTerra is active as a trader of the gas. This brings us into contact with producers, suppliers and clients, but also with network operators, market regulators and authorities that draw up laws and regulations. We also deal with parties on trading points.
GasTerra is the sole buyer of Groningen gas. Considerable attention has been paid to Groningen gas extraction in recent years. The government has decided to restrict gas extraction from this field on safety grounds because of the earthquakes. As NAM produces the gas, NAM is responsible for implementing these decisions. GasTerra’s role is to buy the gas offered to us by NAM.
In addition to Groningen gas, GasTerra also buys gas from small Dutch fields. This is also a statutory public task under the Gas Act. This Act means that we do not have a free choice of which producer we do or do not buy gas from in the Netherlands. We also have long-term contracts for the purchase of gas from Germany, the United Kingdom, Norway and Russia. Production from these foreign sources is linked to the regulations in force in those countries.
We are members of various cooperative associations dealing with the use of gas. In this context, we present the role of gas in a climate-neutral energy supply, based on the “Gas by Design” vision developed by KGVN. We support clients in their efforts to make production processes more sustainable (we call this the Environmental Plan for Industry), share knowledge about energy and help to develop innovative gas applications. We also stimulate the production of renewable gas and innovation/research in this area.