09.12.2022

Gaznat obtains a syndicated loan of CHF 300 million.

Since the beginning of the energy crisis, Gaznat SA has taken all necessary measures to secure its natural gas purchases on a very volatile European market. By obtaining a secured credit of CHF 300 million from a syndicate of 13 banks on December 9, 2022, Gaznat continues to solidify its position and its ability to face the turbulences that the energy sector is experiencing.

This syndicated loan gives Gaznat additional room for manoeuvre. Indeed, the conclusion of this new credit facility is part of a series of measures already implemented by Gaznat to further secure the supply of natural gas in Western Switzerland: these include the constitution of an additional gas reserve for the winter of 2022-2023, the acquisition of gas purchase options as well as the signature of an important natural gas supply contract with the Norwegian supplier Equinor ASA.