ExxonMobil and Shell intend to sell a $1.5 billion gas joint venture

According to the oil price network reported on September 6, Reuters on Tuesday quoted industry sources and a document it had read that superstar ExxonMobil and Shell were considering selling their NAM gas production joint venture in the Netherlands, with each side accounting for half, with a potential sale value of up to $

Shell and Esso formed the NAM joint venture in the 1950s and began producing natural gas

Reuters noted that Shell and ExxonMobil's decision to sell one of the oldest natural gas producers is part of the two companies' plans to divest aging assets that they no longer consider at the heart of

According to Reuters sources, NAM's assets for sale include three gas processing plants, a pipeline network and offshore gas fields, with a potential value of between

Sources told Reuters the two international oil and gas giants expect the current urgent demand for natural gas supplies in Europe and the high price of natural gas that could make the assets attractive

After years of discussion and measures to curb production at the field, the Dutch government decided in 2018 that production from the Groningen field would end in 2030, cut production by two-thirds by 2021-2022, and then cut production

Earlier this year, however, the Dutch government said it might need to send more gas in Groningen to ensure supply, citing a long-term export contract with Germany and delays

The Dutch government plans to double