South Korea’s industry ministry said it had signed a Memorandum of Understanding with the Dutch Economic Affairs ministry to support the new plant order. KHNP signed a memorandum of understanding with the Netherlands’ Economic Affairs & Climate Policy Ministry on the feasibility study.

Some €5 billion ($5.22bn) has been released for the first steps but the cabinet has not said exactly how much the government will ultimately contribute.

Dutch Minister of Health, Welfare and Sport Ernst Kuipers has announced that money has been allocated for the construction of the Pallas reactor at Petten, in The Netherlands. The ministry reserves €30 million ($29.5m) for the project this year and €129 million a year from next year.

The Groningen gas field's output is due to be lowered to 2.8 bcm in the 12 months through to the end of September 2023, ahead of its planned closure at the end of that year.

Last month, Rolls-Royce SMR signed an exclusive agreement with ULC-Energy to collaborate on the deployment of Rolls-Royce SMR power plants in the Netherlands.

In December, the Netherlands' new coalition government placed nuclear power at the heart of its climate and energy policy.

The lift of the generation restriction for coal-fired power plants (with immediate effect) to save around 2 bcm/year of gas for filling the storage facilities.

The capacity limit for three coal-fired power plants in the Netherlands only started Jan. 1, with the hopes of ending their production by 2030.

Gazprom completely suspends gas supplies to Netherlands’ GasTerra B.V. due to failure to pay in rubles

To win the tender for Site VI the bidding parties have to include ecological measures in their concept, whereas Site VII requires investments and innovations which are beneficial for the Dutch Energy System.