Bloomberg: Plummeting Dutch Gas Output Can't Stop European Price Slump

Plummeting natural gas production from Europe’s biggest natural gas field hasn’t stopped prices sliding to a six-year low at the start of the winter heating season.

Output in the Netherlands, the European Union’s biggest gas producer, slipped 58 percent from a year earlier in May to the lowest level since at least 1982 as extraction was capped at its Groningen field to prevent earthquakes, data from the nation’s statistics office show. Gas in the U.K., the region’s biggest market, is trading at a six-year low and may fall another 8 percent this winter amid near-record storage and more imports, Bloomberg New Energy Finance said.

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