The Company transports approximately 1.2 billion Nm3 of gas annually to distributors and industrial end-users in the southwest region of Sweden. In March 2015, EQT agreed to sell Swedegas to a consortium of two leading European gas transmission companies.
During EQT’s ownership, Swedegas has grown substantially and further improved its position on the Swedish energy market. The Company has, amongst others, secured consolidation of the Swedish gas transmission market, connected new customers to the network and become the Transmission System Operator (“TSO”) with responsibility for balancing of the gas transmission system.
In addition, Swedegas has strengthened its organization in order to improve operational excellence and enable further growth. These efforts have resulted in substantial growth in the number of employees (c. +60%) during EQT’s ownership.