![]() Furthermore, our equity passed the 1.0 billion euro mark for the first time. In 2021, we increased our provisions for earthquake-related costs to almost 2.0 billion euros and provisions for the decommissioning of wells and facilities increased to 2.9 billion euros. ![]() In 2020, turnover was still around 1.2 billion euros and a negative result of 364 million euros was achieved. With a turnover of almost 3.0 billion euros, EBN achieved a positive result of 656 million euros. Last year was characterised by an exceptionally high gas price, which is reflected in EBN’s financial results. The concerns about affordability and security of supply as a result of this, and of the war in Ukraine, show how important it is that our energy system is and remains affordable and reliable.” Financial developments “Scarcity in the international gas market caused high gas prices last year and a relatively low filling rate of the Dutch gas storage facilities (for high-calorific gas) at the beginning of winter. The Netherlands has been a net importer of natural gas since 2018, and is therefore sensitive to international developments, says Jan Willem van Hoogstraten. Domestic gas from the small fields is preferable to imports for a number of reasons: CO 2 emissions are about 30% lower, it provides the Dutch society with gas revenues, creates employment opportunities and moreover, important knowledge of the subsurface can be preserved in this way. EBN therefore advocates optimal and safe use of Dutch gas from the so-called small fields during the transition to a sustainable system. It is clear that the proportion of renewable energy in the energy system is currently too small to cope without natural gas. This year, we expect to further define our specific role in all these areas.” Dependence on, and importance of, the development of Dutch gas May of last year saw the publication of the letter to parliament concerning EBN’s role in the energy transition, in which there is a place for all the stated applications. And through the SCAN project, over the past two years we examined more than 1,500 kilometres of the Dutch subsurface for its suitability for geothermal energy. The first geothermal energy development project in the built environment came to fruition in Leeuwarden. ![]() Through the Porthos and Aramis projects, we are contributing to the development of CO 2 storage. Jan Willem van Hoogstraten, CEO of EBN, explains “In 2021, concrete results were achieved in the various fields. ![]() There is also a role for CO 2 capture and storage and (underground) energy storage. This system includes new applications such as geothermal energy, hydrogen and green gas. This strategy enables it to fulfil the ambitions of the Netherlands to build a sustainable energy system. Expansion of roleĮBN operates from three strategic pillars: Our Dutch Gas, Return to Nature and New Energy. However, all this is shadowed by the appalling war in Ukraine that has been raging since February. Furthermore, the exceptionally high gas price resulted in a net profit of 656 million euros. It made further progress in boosting the sustainability of the gas value chain, thus making a substantial contribution to accelerating the energy transition, climate targets and the Coalition Agreement. 2021 was a positive year for Energie Beheer Nederland (EBN) in two respects.
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