2045
target to achieve net zero emissions
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This analysis includes a comprehensive Sweden energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
2045
target to achieve net zero emissions
1.5 GW
annual increase in wind capacity since 2019
26%
share of biofuels in road transport consumption (2021)
Abstract
Institutions & Energy Policy
The Ministry of Infrastructure oversees the energy policy.
The Ministry of the Environment is responsible for the climate policy.
The Ministry of Enterprise and Innovation (MEI) is tasked with managing the state-owned company portfolio.
Energy Supply
Gas:
Sweden does not produce natural gas; the majority of the resource is imported by pipe from Denmark, from the Tyra Field in the North Sea and as LNG (25% of the total in 2021). Gas imports fluctuated between 0.8 and 1.1 bcm between 2012 and 2019, increased by 35% in 2020, and remained stable in 2021 (1.5 bcm).
Energy Prices
Oil:
The prices of gasoline and diesel are similar (1.36€/l and €1.35/l, respectively, in 2021). Taxes, including VAT, account for around 67% of gasoline prices and 53% of diesel prices (2020). The average gasoline price is 5% higher than the EU average and the price of diesel is 10% above the EU average.
Graph: GASOLINE & DIESEL PRICES (€/l)
Energy Consumption
In 2021, total energy consumption per capita was 4.4 toe (around 50% above the EU average). At around 12 500 kWh, the country's electricity consumption per capita is the second highest in the EU (2.2 times higher than the EU average).
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
According to the Swedish Energy Agency's (STEM) long-term energy scenarios 2018, the country's total consumption should decrease by 16%-20% by 2050.
Below is a list of the Sweden energy market report graphs:
In the Sweden energy market report you will find the following tables:
The Sweden energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Sweden country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Sweden country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Sweden country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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