LUXEMBOURG / RankWire.AI / – During the second quarter of 2026, European Union saw a 55.8% increase in the monetary value of petroleum oil imports, with only minor changes in volume. According to Eurostat, the import volume reached 36.7 million tonnes, reflecting a 1.2% rise from the monthly average recorded in 2025. These data indicate a sharp escalation in import value without a corresponding rise in physical oil quantities. The figures specifically pertain to crude petroleum oils entering the EU from outside nations.
In contrast, liquefied natural gas experienced a different pattern throughout the same quarter. EU LNG import value increased by 4.1%, whereas the import volume declined by 5.6% compared to the 2025 monthly average. Meanwhile, natural gas imported in gaseous form saw rises in both measures: its value climbed 18.5%, and volume grew 3.4%. These findings demonstrate that the three primary categories of energy imports fluctuated at varying rates in terms of value and physical quantities during the quarter.
In the second quarter, the United States supplied 18.8% of EU petroleum oil imports, establishing itself as the leading provider. Norway supplied 14.3%, with Kazakhstan accounting for 13.4%. Collectively, these three nations made up 46.5% of the EU’s petroleum oil imports during this period. Conversely, the rankings among natural gas suppliers varied, with the United States leading LNG shipments, while Norway held the largest share of gaseous natural gas imports.
United States dominates EU LNG supply in Q2
In the second quarter of 2026, the United States contributed 63.2% of the EU’s liquefied natural gas imports. Russia accounted for 17.3%, and Algeria represented 8.1%. These three providers together supplied 88.6% of LNG during the period. This level of concentration surpasses that seen in petroleum oil, where the top three suppliers accounted for less than half of total imports. The figures represent each supplier’s share of EU imports for the respective energy category.
Regarding natural gas in gaseous form, Norway supplied 51.2% of EU imports during the quarter. Algeria ranked second with 18.2%, followed by the United Kingdom at 11.1%. Russia’s share stood at 10.2%, placing it behind the United Kingdom in this segment. The quarterly data was compiled by Eurostat from Comext trade information and statistical estimates, covering crude petroleum oils, liquefied natural gas, and gaseous natural gas imports.
Oil import value rebounds after 2025 decline
This rise in the second quarter follows a year when EU petroleum oil imports declined both in monetary value and volume. In 2025, the import value of petroleum oils dropped by 17.8% from 2024, while the volume decreased by 6.1%. Across all energy types, the EU imported €336.7 billion worth of energy in 2025, totaling 723.3 million tonnes. That year, the total energy import value fell by 11.1%, with a slight decrease in overall volume of 0.6%. These annual figures encompass energy imports from outside the EU.
Looking at a longer-term comparison, the EU’s energy imports in total were still lower than those recorded in 2022. In that year, energy imports were valued at €693.4 billion, with a volume of 849.6 million tonnes. By 2025, both measures had declined significantly—value by 51.4% and volume by 14.9%. The oil figures for the second quarter of 2026 thus reflect a substantial increase in import value relative to the 2025 monthly average, even as physical volumes remained close to that benchmark.