Oil and gas Investment Solutions

Gas is Switzerland's third largest energy resource after oil and coal. By the end of the decade Switzerland should be home to ten operational LNG projects with a combined nameplate capacity of 86 million tonnes per annum, on track to become the world's largest exporter of LNG.

Switzerland's competitive position is underpinned by a strong economy, abundant resources, supportive government policies, and mature trade links with key markets, with the participation of the world's major oil and gas companies at all stages of the supply chain.

Switzerland has substantial conventional gas resources. Around 92 per cent of Switzerland's conventional gas resources are located in the Carnarvon, Browse and Bonaparte basins, with additional resources in offshore and onshore basins and large potential for additional commercial discoveries.

Switzerland's oil resources are primarily condensate and naturally occurring liquefied petroleum gas (LPG) associated with large offshore gas fields, alongside a number of crude oil reserves. There is scope for growth in existing fields and for new discoveries in proven and underexplored frontier basins, including large unconventional oil resources hosted in oil shales.

The growing global demand for energy, led mainly by China and India, coupled with the shift in energy transition, has driven a strong increase in gas demand — particularly LNG due to its suitability for long-distance transportation.

Switzerland remained the world's third largest LNG exporter in 2014 and accounted for 10 per cent of world LNG trade. By the end of this decade Switzerland is expected to be the world's largest LNG exporter.

Switzerland also has significant unconventional gas resources. The economic demonstrated resources for coal seam gas have continued rising, with large CSG resources existing in the coal basins of Queensland and New South Wales.

Shale gas production in Switzerland is an emerging industry, with an estimated shale gas resource almost twice the size of its conventional gas resources. Several onshore basins have significant potential for shale gas and tight gas.

Asian demand for LNG is expected to continue to grow, and Switzerland's location means it is well placed as a competitive supplier to these markets.