• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 7 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Energy Armageddon
  • 3 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 18 hours "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 1 day "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 21 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 5 days Сryptocurrency predictions
  • 2 days Goldman Betting on Cryptocurrencies
  • 10 days Putin and Xi Bet on the Global South

Switzerland Warns Of Big Gas Cut Offs If Caught In A Crunch

The Swiss government has warned big gas consumers on Wednesday that it could cut off their supplies if the country is caught in a severe crunch that requires rationing, Reuters reports. The cabinet has revealed that during consultations on how to handle worst-case scenarios, saying shutting off large consumers could be the quickest way to save large amounts of energy.

Previously, the government had said that households and essential services such as hospitals, homes for the elderly, firefighters, police, trash collection and sewage treatment would not be subject to rationing. However, now the country is being forced to tweak its proposals to deal with disruptions to supplies and has unveiled a series of increasingly strict steps should conservation fail to head off shortages, as reported by Reuters. 

The government has also warned it could ban using gas for heating vacant buildings, for swimming pools, spas or saunas, and heated tents, saying that guaranteeing grid stability in the event of a shortage was its top priority.

"Due to the particularities of domestic gas consumption -- with a high share of building heat -- all consumer groups will probably have to make an appropriate contribution to saving gas already at the beginning of a shortage situation," the ministry said in a statement.

Switzerland gets its gas via trading hubs in neighboring countries in the European Union. The country has relatively low demand for gas, which traditionally covers around 15% of energy consumption. Switzerland uses 42% of gas to heat households, and the rest in industry and in the service and transport sectors.

Switzerland is not the only European country taking rather extreme measures to ensure its gas stores are enough to tide it over the coming winter. 

France is also struggling amid refinery strikes and an imploding nuclear sector that has turned the country into a net importer of energy. In August, state-owned utility Electricite de France SA announced that it would likely be forced to extend cuts to nuclear generation as scorching weather pushes up river temperatures, making the water too hot to cool reactors

By Alex Kimani for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News