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International

Court orders gas firm to compensate quake-hit homeowners

September 03, 2015 Reprints

A Dutch court has asked oil and gas firm Nederlandse Aardolie Maatschappij B.V. to compensate homeowners in the Netherlands' Groningen region for declines in the values of their properties caused by earthquakes linked to gas production at the Groningen field, reports Reuters.

The court ruling is likely to result in claims worth billions of euros against NAM. NAM has so far set aside €1.2 billion ($1.35 billion) to compensate homeowners for damages to their buildings.

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Court orders gas firm to compensate quake-hit homeowners

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