Europe · SWE
Sweden
Hydro plus nuclear plus a north-south split. Norrland is becoming Europe’s electro-industrial park.
Oil production
0.0 mb/d
0.3 mb/d demand
Net oil
-0.3 mb/d
Near balance
Gas production
0 bcm
Net -1 bcm
O&G rent
0.0%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.4 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil89%
- Gas11%
Economy
Steel, batteries and data centres are betting on cheap northern electrons. When the south is tight, politics rediscovers nuclear. Oil is almost only transport and feedstock.
- GDP
- $0.6 tn
- Population
- 10.5 m
- Oil intensity
- 0.2 bbl /$1k
- Oil & gas rent
- 0.0% GDP
- Hydrocarbon trade
- 0.8% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -5.0 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.2 mb/d (net -0.2) versus NZE 0.1 mb/d (net -0.1).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.3 | 0.3 | 0.2 | 0.2 |
| Net Zero 2050 | 0.3 | 0.2 | 0.1 | 0.1 |
| Current Policies | 0.3 | 0.3 | 0.2 | 0.2 |