LNG

Italian energy company Eni and Swiss gas supply company Open Energy Platform AG signed an agreement to guarantee the flow of natural gas to Switzerland and Italy in the event of interruptions or significant gas flow reductions from Germany.

Switzerland, the base for some of the leading global commodities traders in LNG and other fuels, is facing energy challenges, though it was unlikely a permit awarded to drill for hydrocarbons in Lake Geneva would be implemented anytime soon, according to a report from the International Energy Agency.