EU oil imports value up by 56%, volume stable in Q2 2026

In the second quarter of 2026, the European Union's petroleum oil imports experienced a significant increase in value, surging by 55.8%, according to Eurostat data. However, the volume of these imports remained mostly unchanged, maintaining a steady 36.7 million tonnes, which represented a slight increase of 1.2% compared to 2025's monthly average.

The value of liquefied natural gas imports rose by 4.1%, while the volume decreased by 5.6%. In contrast, imports of natural gas in its gaseous state saw a notable rise in both value (+18.5%) and volume (+3.4%). Despite these changes, the primary suppliers of energy to the EU remained consistent throughout Q2 2026.

The United States and Norway continued to be the largest energy suppliers in Q2 2026, with the former supplying 18.8% of the petroleum oil imports and Norway contributing 14.3%. Kazakhstan followed closely behind with a 13.4% share. For liquefied natural gas, the United States remained the top importer, accounting for 63.2% of the total volume, followed by Russia at 17.3% and Algeria at 8.1%.

In terms of natural gas in its gaseous state, Norway emerged as the primary supplier, providing 51.2% of the imports, surpassing Russia's 10.2% share. Algeria and the United Kingdom rounded out the top three suppliers, contributing 18.2% and 11.1% respectively.