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Switzerland on track to secure winter gas reserves: report

Switzerland is on track to secure the natural gas reserves it seeks for the winter heating season, the SonntagsBlick newspaper quoted a utility sector official as saying.

The government has asked gas suppliers to align reserves in neighboring countries equivalent to 15% of the country’s annual consumption of 35 terawatt hours and to guarantee
additional options for non-Russian gas of about 6 terawatt hours, or one-fifth of winter consumption.

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Switzerland does not have its own gas storage capacity.

“Regional (gas) companies have now achieved between 75 and 100 percent of the target for building up gas reserves in gas storage facilities,” said Thomas Hegglin of the Swiss Gas Industry Association. quoted by the newspaper.

Regional utilities were also on track to secure options under consideration by November, he added.

Switzerland sources its gas via commercial hubs in neighboring countries of the European Union, so disruptions there would also affect Switzerland.

Switzerland has a relatively low gas demand, which covers around 15% of its total energy consumption. About 42% of gas is used for heating households, and the rest in industry and the service and transport sectors, according to government data.

Just under half of Swiss gas imports come directly or indirectly from Russia, the government said.

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