Swedish energy supply remains stable
Sweden’s energy supply is assessed as stable, despite ongoing uncertainty over the ceasefire between the United States and Iran. At the same time, the situation in the Middle East continues to affect global energy markets, and Sweden is impacted by higher prices for several types of fuel.
Over the past week, there have been reports of renewed attacks between the United States and Iran. Uncertainty surrounding the ceasefire remains.
“Sweden’s energy supply situation is stable, but the situation in the Middle East remains unpredictable. We therefore continue to monitor developments closely together with other government agencies and stakeholders in the energy sector,” says Ella Kilim, Head of the Energy Preparedness Department at the Swedish Energy Agency.
Stable fuel supply
The availability of petrol and diesel is assessed to be good in both the short and long term. Refineries are operating normally, and no disruptions to crude oil deliveries to Sweden have been reported. Production of jet fuel has also increased in recent months.
For Sweden and Europe, jet fuel is the most likely to face short-term supply constraints. Deliveries to Sweden are expected to continue as normal during the coming month, and the risk of shortages during the holiday period is considered low. However, if global competition for available volumes intensifies later, supply pressures may increase.
Uncertainty surrounding energy transport routes
Around one-fifth of the world’s oil and liquefied natural gas (LNG) passes through the Strait of Hormuz. Developments in the region therefore continue to create uncertainty in global energy markets, and a more limited supply could increase competition for available fuels and raise prices.
Stable situation for electricity and gas
The supply situation for electricity and gas remains unchanged. Physical access to natural gas is expected to remain good in the short term, and heating and cooling supplies are stable.
Preparedness and measures
The Swedish Government has extended the Swedish Energy Agency’s mandate to release fuel stocks, if necessary, until 31 December 2026. This measure is part of Sweden’s preparedness planning and would help manage any future disruptions to fuel supplies. The key impact is that no stock release has been required so far, as the supply situation remains stable.
