Industry Expert Insights -

We reached out to one of our Lex Mundi partners and a well-known expert in the Netherlands in the energy and legal industries to get his thoughts on the current energy climate.

Marc van Beuge is an Advocaat and Senior Associate with Houthoff in the Netherlands. He specializes in energy law, and energy and chemical projects.

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How is the COVID-19 pandemic affecting the energy sector in the Netherlands?

The COVID-19 pandemic is contributing to a drop in demand and lower oil and gas prices, making the already strained upstream oil and gas investment climate all the less attractive. Fields will come to the end of their economic field life sooner, and if certain operators cease their use of a pipeline, it may be less attractive for others connected to the same pipeline to continue production. The likely result is that operators with relatively high overhead costs will cease operations in the Netherlands and shift their attention to other regions....