14 September, 2016

Axpo enters Swedish gas market

The energy company Axpo is set to become a new operator on the Swedish gas market. Axpo has signed an agreement with Swedegas, which owns and runs the Swedish gas transmission grid, to become a balance administrator. Axpo will also sell gas, which will offer greater freedom of choice to Swedish gas consumers.

Both companies will work actively to increase the proportion of biogas in the Swedish system.

“The emergence of a new operator on the Swedish gas market is tangible proof that we have entered an interesting and expansive phase. Particularly pleasing is the fact that Swedegas and Axpo share a common aim of increasing the proportion of biogas used in Sweden,” said Johan Zettergren, Swedegas AB chief executive.

“We have regarded Sweden as an exciting market for a long time and we can see that our offering will be of interest to industry and other sectors,” said Tomas Sjöberg, Managing Director, Axpo Sweden AB.

Swedegas is the certified system balance administrator and has overall responsibility for ensuring that the total volume of gas in the grid remains in balance. Axpo’s joint remit of gas supplier and balance administrator includes the task of matching the amount of gas fed into the system with the volume of gas used by the company’s customers.

Axpo will begin operating as a balance administrator and supplier to the gas transmission grid on October 1, 2016.

For further information, please contact Saila Horttanainen, Vice President Corporate Communications, Swedegas AB, phone +46 070 622 76 06, email saila.horttanainen@swedegas.se, or Tomas Sjöberg, Managing Director, Axpo Sweden AB, phone +46 40 10 77 72 or email tomas.sjoberg@axpo.com.

Swedegas AB
Swedegas is an infrastructure company that invests in smart energy systems. The company owns the Swedish gas transmission grid, which extends from Dragør in Denmark to Stenungsund in Sweden. Swedegas transports energy in large volumes to distributors and directly connected customers each year. The gas transmission grid supplies 33 municipal authorities, as well as industrial enterprises, combined heat and power plants and vehicle filling stations, with natural gas. Swedegas is also in the process of developing an infrastructure for biogas and liquefied natural gas (LNG).

Axpo
The Axpo Group, comprising of Axpo Power AG, Axpo Trading AG and Centralschweizerische Kraftwerke AG, is a Swiss energy company with local roots and a European focus. Axpo is active in the production, distribution and sale of electricity, as well as in international energy trading. Axpo also offers innovative energy services to customers in Switzerland and Europe.

Axpo Sverige AB specializes in services to retailers, energy-intensive industries and producers. The company offers advanced portfolio management services and physical deliveries to Swedish and international customers.

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