Swissgas head calls for state guarantees on gas purchases – report

ZURICH (Reuters) – The head of Swiss network operator Swissgas urged the government to guarantee purchases by regional gas utilities that he said in a newspaper interview were struggling to finance deals in a tight market. “In Switzerland, the four regional companies are responsible for the procurement of winter gas supplies. However, they and their procurement partners are reaching the limit in terms of financial viability and thus capacity to act,” Swissgas President Andre Dose told the Neue Zuercher Zeitung. Last month, the government had outlined plans to address a possible shortage of nat…

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