Swissgas, which was founded on 7 April 1971 as a private limited company, is a joint procurement and transport platform for four regional shareholders (regional companies) and provides its services in their behalf. The Association of the Swiss Natural Gas Industry (Verband der Schweizerischen Gasindustrie – VSG) is also a shareholder.
The purpose of the company – in collaboration with the regional companies – is to procure and supply all forms of natural gas in Switzerland and to protect related interests both nationally and abroad.
The company’s highest priority is to guarantee continuously competitive procurement conditions and the security of supply. Swissgas procures a total of approx. 20 TWh of natural gas per year either at short notice on spot markets or through imports regulated by long-terms contracts. Swissgas also has its own network of natural gas pipelines with a total length of 260 km as well as transport agreements with foreign companies for gas transport up to the Swiss border.
|Procured quanity of natural gas||13,8 TWh|
|Total length of the pipeline network||260 km|
|Balance sheet total||CHF 311,7 million|
|Gas sales||CHF 433,8 million|
|cumulative Investments||CHF 347,7 million|
100 % Swissgas Speicher AG, Zurich
Analyses, clarifications and activities related to natural gas storage
51 % Transitgas AG, Zurich:
Technical operation and maintenance of the transitgas Pipeline
5,3 % Swiss Gas Invest AG, Vevey
4,9 % FluxSwiss Sagl, Lugano:
Commerical operation of the transitgas capacity