CURRENT AFFAIRS

Detailed explanation-1: -The Groningen gas field is a natural gas field in Groningen province in the northeastern part of the Netherlands. It is the largest natural gas field in Europe. Revenue from natural gas production was an important source for the country.

Detailed explanation-2: -Europe. The largest natural gas field in Europe is Groningen, with original recoverable reserves of 2.7 to 2.8 tcm (95 to 99 tcf). It was discovered in 1959 on the Dutch coast and went into production in 1963. Some 60 percent of the original reserves have been recovered.

Detailed explanation-3: -The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world’s largest natural gas field, with ownership of the field shared between Iran and Qatar.

Detailed explanation-4: -Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as this winter, much of the fuel Germany once imported from Russia.

Detailed explanation-5: -Most of the natural gas we use in the Netherlands comes from the smaller gas fields in this country or through gas pipelines from other countries. Due to the high price of gas, gas-producing countries like Norway are already at maximum production levels.