LUXEMBOURG / RankWire.AI / – European Union EU petroleum oil imports saw a 55.8% increase in value during the second quarter of 2026, with volumes remaining relatively stable. Eurostat reported that the import volume reached 36.7 million tonnes, which is a 1.2% rise compared to the monthly average of 2025. These figures indicate a sharp escalation in the import value despite little change in the physical quantity of oil delivered. The data focuses on crude petroleum oils entering the EU from nations outside the bloc.
During the same period, liquefied natural gas (LNG) exhibited a different trend. EU LNG import values increased by 4.1%, even though the import volume declined by 5.6% from the 2025 monthly average. Conversely, imports of natural gas in gaseous form experienced growth in both metrics. Their value surged 18.5%, and volume increased by 3.4%. These results demonstrate that the three main energy import categories moved at varying rates in terms of value and physical quantities during the quarter.
The United States emerged as the leading supplier of petroleum oil to the EU in the second quarter, accounting for 18.8% of total imports. Norway followed with 14.3%, while Kazakhstan supplied 13.4%. Collectively, these three nations made up 46.5% of the EU’s petroleum oil imports during that period. When it comes to natural gas, the supplier rankings differed: the United States was the top provider of LNG shipments, whereas Norway held the largest share of gaseous natural gas imports.
United States Dominates EU LNG Supply
The United States supplied 63.2% of the EU’s liquefied natural gas imports in the second quarter of 2026. Russia contributed 17.3%, while Algeria supplied 8.1%. These three nations together accounted for 88.6% of the LNG imports in that period. This concentration of supply exceeds that of petroleum oil, where the three largest suppliers accounted for less than 50% of the total imports. The figures reflect each country’s share of the EU’s imports for each respective energy product.
Norway provided 51.2% of the EU’s natural gas in gaseous form during the quarter. Algeria ranked second with 18.2%, followed by the United Kingdom at 11.1%. Russia contributed 10.2%, placing it behind the United Kingdom in this category. Eurostat assembled the quarterly data from Comext trade statistics and estimates. The energy types included are crude petroleum oils, liquefied natural gas, and natural gas transported in gaseous form.
Oil Values Rebound in Q2 After 2025 Decline
The rise in oil value during the second quarter follows a year in which EU petroleum oil imports declined both in value and volume. In 2025, the import value of petroleum oil fell by 17.8% from 2024, while the volume decreased by 6.1%. For all energy products, the EU imported €336.7 billion worth of energy in 2025, totaling 723.3 million tonnes. The total energy import value declined 11.1% that year, and overall volume dropped 0.6%. These annual figures cover energy imports from outside the EU.
A longer-term comparison shows that EU energy import totals remain below the levels recorded in 2022. In that year, energy imports were valued at €693.4 billion, with volumes reaching 849.6 million tonnes. By 2025, the value had fallen by 51.4%, and volume had decreased by 14.9% from those figures. The second-quarter 2026 oil figures therefore mark a notable rebound in import value compared to the 2025 monthly baseline, while physical volumes stayed close to that benchmark.