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Finland's oil and gas market is relatively small, with no domestic production of fossil fuels. However, the country is a significant consumer of oil and gas, importing nearly all of its energy needs. The oil and gas sector plays a crucial role in Finland's economy, providing employment and generating revenue.
The Finnish government is a major purchaser of oil and gas products and services. In 2022, the government spent €3.5 billion on oil and gas procurement. This spending is expected to increase in the coming years as Finland seeks to diversify its energy sources and reduce its reliance on Russian imports.
The Finnish government procures a wide range of oil and gas products and services, including:
Crude oil
Refined petroleum products
Natural gas
Liquefied natural gas (LNG)
Oil and gas exploration and production services
Oil and gas refining and transportation services
Oil and gas storage and handling services
The top authorities responsible for oil and gas procurement in Finland are:
The Ministry of Economic Affairs and Employment
The Finnish Environment Institute
The Finnish Safety and Chemicals Agency
The Energy Authority
The top winners of oil and gas procurement contracts in Finland are:
Fortum Oyj
Neste Oyj
Gasum Oy
St1 Oy
Oy Esso Ab
These companies are responsible for supplying the majority of Finland's oil and gas needs.
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