Europe / Caspian / CIS

Netherlands flag
Summary | Profile

Country profile: Netherlands

Location: Western Europe, bordering the North Sea, between Belgium and Germany
Climate: temperate; marine; cool summers and mild winters
Terrain: mostly coastal lowland and reclaimed land (polders); some hills in southeast
Size: 41526 sq. km total (Land area: 33883 sq. km  Water area: 7643
Population: 16,645,313 (July 2008 est.)
Languages: Dutch (official), Frisian (official)
Government: constitutional monarchy
Capital city: Amsterdam
Legal system: based on civil law system incorporating French penal theory; constitution does not permit judicial review of acts of the States General; accepts compulsory ICJ jurisdiction with reservations
Currency: euro (EUR)

Country profile

Significant North Sea oil and natural gas reserves were discovered in the 1970s. However, the North Sea did not emerge as a key, non-OPEC oil producing area until the 1980s and 1990s, when major projects began coming onstream. Oil and natural gas extraction in the North Sea's inhospitable climate and great depths requires sophisticated offshore technology. Consequently, the region is a relatively high-cost producer, but its political stability and proximity to major European consumer markets have allowed it to play a major role in world oil and natural gas markets. Five countries operate crude oil and natural gas production facilities in the North Sea: Denmark, Germany, the Netherlands, Norway, and the United Kingdom.

Although the region will continue to be a sizable crude oil producer, output from its largest producers - the UK and Norway - has peaked and entered a period of long term decline. In the near term, improved oil recovery technologies, continued high oil prices and new projects coming online could temporarily delay declines in North Sea crude oil output. Nonetheless, only new discoveries of sizable volumes could reverse the current downward trend of oil production from the North Sea. In regards to natural gas, the North Sea is also seen as a mature region.

Only Norway has seen an increase in natural gas production in recent years, while the UK will likely become a net gas importer in the midterm. Nevertheless, the North Sea’s importance as a key supplier of natural gas will continue, as natural gas consumption in Europe will increase significantly in the future. Imports from outside sources, such as Africa, the Middle East and Russia, will have to increase to compensate for the North Sea decline.

Energy production and consumption

Oil Gas
Production: 76,000 bbl/day (2006) 77 billion cu m (2006)
Consumption: 1 million bbl/day (2006) 47 billion cu m (2006)
Exports: 1 million bbl/day (2006) 50 billion cu m (2006)
Imports: 2 million bbl/day (2006) 22 billion cu m (2006)
Reserves: 106 million bbl (1 January 2006 est.) 1 trllion cu m (2007)
Major fields:

Netherlands - recent news

04 Sep 23
World Hydrogen Week sees launch of world-first H2 derivative programme, focusing on energy and power
With the urgent need for clean hydrogen to rapidly scale to meet increasing demand and achieve climate goals, World Hydrogen Leaders announce their enhanced World Hydrogen Week, taking place in Rotterdam, The Netherlands, from 9th to 13th October 2023.
24 Jul 23
Netherlands: Van Oord completes cable installation at CrossWind’s Hollandse Kust Noord offshore wind park
Van Oord has completed installing and burying inter-array cables at CrossWind’s Hollandse Kust Noord offshore wind park, bringing it a step closer to being fully operational by the end of this year.
21 Jul 23
Netherlands: Kistos awarded M10/M11 licence extension and reports increase in reserves and resources
Kistos has successfully appealed against the Netherlands Ministry of Economic Affairs decision not to extend the term of the M10/M11 licence. This ruling is effective immediately and the licence is extended by five years. Kistos has also reported a 41% increase in reserves and resources.
10 Jul 23
Netherlands: Nuveen Infrastructure acquires 15% Stake in 731.5MW Borssele III/IV Wind Farm
Nuveen Infrastructure, one of the world’s largest fund managers investing in clean energy, has announced an investment which will see them acquire a 15% Stake in 731.5MW Borssele III/IV offshore wind farm from Partners Group, a leading global private markets firm, acting on behalf of its clients.
20 Jun 23
Netherlands: CrossWind’s Hollandse Kust Noord offshore wind park produces first green energy
On June 19 the Hollandse Kust Noord offshore wind park produced its first megawatt-hours (MWh) of green energy, and delivered it via TenneT’s offshore grid to the Dutch mainland. Hollandse Kust Noord is being built 18.5 kms off the Dutch coast by CrossWind, a joint venture of Shell and Eneco.

Netherlands - more news

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