Energy Update

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Despite being an issue that knows no borders, affects all and is of vital interest to future generations, the environment was low on the agenda ahead of the UK's historic vote to leave the European Union. The short answer to what happens next with pollution, wildlife, farming, green energy, climate change and more is we don't know - we are in uncharted territory.

* Government would allow up to 30 bcm production in an
emergency

THE HAGUE, June 24 (Reuters) - The Dutch government said on
Friday that it would lower the cap on production at the
Groningen gas field to 24 billion cubic metres a year for the
next five years.

AMSTERDAM, June 24 (Reuters) - The Dutch government has
decided to cut production at the giant Groningen gas field from
its current level of 27 billion cubic metres a year from October
1, 2016, Deputy Prime Minister Lodewijk Asscher said on Friday.

Much has been made of the use of natural gas as a bridge to a clean renewable energy economy. The primary argument in support of natural gas is the fact that it is cleaner than coal and can be conveniently and cost-effectively substituted for it in power generation. Although on its face true, the claim should be considered in a real-world context.

KUALA LUMPUR, June 24 (Reuters) - Malaysian Prime Minister
Najib Razak on Friday sacked his former deputy from the ruling
party, and said he needed more time to think about a possible
cabinet reshuffle.

* "It was like the end of the world," survivor says

(Changes dateline, adds details)

LONDON, June 24 (Reuters) - Crude oil prices have so far
shown only a modest impact from Britain's vote to leave the
European Union on Thursday.

* EU carbon falls to lowest level since March

(Adds comment, more detail)

BEIJING, June 24 (Reuters) - PetroChina, China's
second-largest state-run refiner, aims to start operating a new
refinery in the country's southwest in October after several
delays, boosting the nation's already-surging crude imports.

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