International Co-operation

Overview

International co-operation is of growing significance in the promotion of security of supply. This trend is a natural consequence of the increasing international openness brought about by globalisation and cross-border business networks.

Finland’s active involvement in a number of multinational organisations has further increased the significance of successful international co-operation also in the field of security of supply. For these reasons, security of supply is promoted by means of several multilateral arrangements.

Co-operation in the EU

Binding Community legislation and inter-governmental co-operation form the foundation for the EU. Matters associated with security of supply do not to any great extent fall within the current scope of Community legislation, although certain strategy statements emphasize their significance. Oil products are an exception to this rule. Pursuant to the directive, the Member States are obliged to hold reserve-supply stocks of oil products corresponding to 90 days’ consumption.