Does Switzerland have legitimate reasons for the contract?
No. Switzerland’s claim that the Iran purchase is designed to reduce dependence on Russian gas is not credible because only 12 percent of its gas (about 15 billion cubic feet (bcf) per year) is imported from Russia. The Swiss company, EGL, contracted to buy 198 bcf per year (also reported as 5.5 billion cubic meters), which is 150% of Switzerland’s total gas consumption. EGL itself admitted that most of the gas will be used in other countries. This is a commercial deal to buy cheap Iranian gas and sell it for a profit elsewhere in Europe.
Related Questions
- What reasons are acceptable for including a provision for confidentiality of information in a contract or as an output to a contract? What are the reporting categories on AusTender?
- Do long-time principals have any right to reasons or a hearing if they are notified that their contract will not be renewed?
- Does Switzerland have legitimate reasons for the contract?
