Fossil Energy – Final Investment
ONE-Dyas, together with partners EBN and Hansa Hydrocarbons, have made a final investment decision for the development of the N05-A gas field in the North Sea. The decision involves an investment of more than EUR 500 million.
This makes it the largest investment in a natural gas development in the Netherlands in the past 15 years.
The Ministry of Economic Affairs and Climate (EZK) has awarded the final permits for the development of the N05-A gas field in the North Sea on 3 June 2022.
This was preceded by a careful permitting process during which ONE-Dyas had regular and proactive discussions with multiple stakeholders. The result of these discussions, as well as the submitted views, has been incorporated into the project and environmental impact report, which was part of the permitting application for N05-A. The same applies to the views of the Government’s statutory advisory bodies. The Environmental Impact Assessment Committee concluded on 18 February 2022 that the environmental impacts have been sufficiently outlined, and that the utility and necessity of the N05-A project have been satisfied.
Chris de Ruyter van Steveninck, CEO of ONE-Dyas: “This is an important step for the energy supply of the Netherlands and Germany, providing safe and responsible domestic natural gas. With this investment decision, we have demonstrated that we are serious about the energy transition. As an operator, and together with our partners, we want to actively contribute to the security of supply of natural gas to North-West Europe and we are taking a major step in reducing CO2 emissions. We are bringing emissions close to zero as the nearby offshore Riffgat wind park will supply the N05-A platform with wind energy. We have agreed to produce natural gas from the GEMS area only as long as there is domestic demand for natural gas in the Netherlands and Germany.”