On Wednesday, the government presentedExternal link details of its plans to set up a winter gas reserve via storage mainly in neighbouring countries. The aim is to minimise the impact should Russian gas supplies be disrupted.
“This physical reserve is intended to cover 15% (around 6 terrawatt hours TWh) of Switzerland’s annual gas consumption (around 35 TWh). Around half of this physical reserve is already booked by the regional companies Gaznat and GVM in France,” the government said.
In addition to regular procurements, 6 TWh are to be purchased via options for non-Russian gas in France, Germany, Italy and the Netherlands, which can be accessed at short notice for a fixed fee, it said.
This corresponds to around 20% of Swiss winter consumption, and also diversifies delivery routes.
An energy task force is due to report by mid-June on how to manage the gas reserve.
The invasion of Ukraine by Russia, Europe’s top gas supplier, has prompted the European Union and non-EU member states like Switzerland to rethink their energy policies amid heightened concerns of supply shocks. Russia supplies 40% of the EU’s gas and 27% of its imported oil, and EU countries are struggling to agree sanctions on the latter.
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