Shell wants to buy off NAM’s liability in Groningen – Nach Welt

Shell wants to buy off liability for the earthquakes in Groningen in one go. That Says President-Director Marjan van Loon of Shell Netherlands in an interview affected The Financial Times (FD). Shell is a half shareholder of the Nederlandse Aardolie Maatschappij (NAM), the company that carries out gas extraction in Groningen. The other half is owned by ExxonMobil.

By buying off the liability, the settlement of damage caused by the earthquakes can be accelerated, according to Van Loon. The parties have been disagreeing for years about who will pay for the damage, which means that the settlement process is slow.

In a figure (pdf) from the Ministry of Economic Affairs from last January, it is expected that claims settlement will cost 3 billion euros up to and including 2027. In addition, 5.4 billion euros in compensation for the reinforcement operation. Van Loon does not want to comment in the FD on the amount of a lump sum payment, except that it concerns ‘a lot of money’.

Disappointed in the NAM

The NAM has two Arbitragezaken filed because the company says it wants clarity from the State. According to the NAM, it is not possible to agree with the government who will pay for the damage. The company does not want to pay the entire bill for the recovery operation, because it is the earthquake damage from gas extraction im Doubt-Trekt. The NAM states that more damage is being claimed than for which the company is liable.

State Secretary for Mining Vijlbrief (D66) late in a chamber letter Knowing that the State was prepared for a legal dispute with NAM, but is nevertheless disappointed with the decision to fight this legally.

The letter also states that NAM has fully paid the cost for the reinforcement operation for the first half of 2020. However, NAM has paid only 60 percent of the costs of the second half of 2020 and the first quarter of 2021. On January 18, the State summoned NAM to pay this amount, but according to Vijlbrief, this has not yet happened.

Legal Joust Account

The Ministry of Economic Affairs held there last year take into account that the dispute with NAM would result in a legal joust, said the then outgoing minister Van ‘t Wout. “The cabinet is preparing for this and will not waste any legal resources,” he wrote in a statement knapp to the House of Representatives. “I will make sure that all costs that can be charged to NAM will also be charged. Until that happens, the costs will be borne by the State.”

Van Loon now says in the FD that Shell is in talks with the ministry to pay the outstanding amount. According to her, the accounts of the central government are “too complex” and a commutation scheme is a better solution.

Law Subventionstopf

Residents of Groningen have suffered from damage to their homes for years, as a result of earthquakes caused by gas extraction by the NAM. There is a lot of dissatisfaction with the way NAM and the government are handling the recovery operation.

Anfang Januar was ein Subventionstopf, the 10,000 Euros were won, um den Preis zu won, emptied within a few hours to improve. There are 53,000 households who are eligible for that money. The empty jar and the message that more gas will be extracted this year than was promised led to a torchlight procession in Groningen where thousands of people expressed their dissatisfaction.

Member of Parliament Henk Nijboer (PvdA):

Reference-www.nach-welt.com

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