LUXEMBOURG / RankWire.AI / – The European Union experienced a 55.8% rise in the monetary value of petroleum oil imports during the second quarter of 2026, with import volumes exhibiting minimal change. Eurostat indicated that the total import volume reached 36.7 million tonnes, reflecting a 1.2% increase compared to the monthly average of 2025. These data illustrate a substantial escalation in import worth without a corresponding increase in physical oil quantities. The figures encompass crude petroleum oils entering the EU from countries outside the bloc.
In contrast, liquefied natural gas followed a different pattern within the same timeframe. EU LNG import values increased by 4.1%, while import volumes declined by 5.6% from the 2025 monthly average. The importation of natural gas in gaseous form saw growth in both parameters, with its value climbing 18.5% and volume rising 3.4%. These outcomes highlight that the primary energy import categories experienced divergent movements in both value and physical quantities during the quarter.
In the second quarter, the United States provided 18.8% of the EU’s petroleum oil imports, making it the leading supplier. Norway contributed 14.3%, and Kazakhstan supplied 13.4%. These three nations together accounted for 46.5% of the EU’s petroleum oil imports in that period. When considering natural gas supplies, the rankings shifted, with the United States leading in LNG shipments and Norway holding the largest share of gaseous natural gas imports.
United States Dominates EU LNG Supply
During the second quarter of 2026, the United States supplied 63.2% of the EU’s liquefied natural gas imports. Russia accounted for 17.3%, with Algeria providing 8.1%. These three nations collectively represented 88.6% of LNG imports in the period. The concentration of supply sources was higher than for petroleum oil, where the top three suppliers held less than half of the import market. The figures reflect each country’s share of the EU’s imports for their respective energy products.
Regarding gaseous natural gas, Norway supplied 51.2% of EU imports in that 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 compiled the quarterly data from Comext trade figures and statistical estimates. The energy products analyzed include crude petroleum oils, liquefied natural gas, and natural gas transported in gaseous form.
Oil Import Value Rebounds After 2025 Decline
The rise in oil import value during the second quarter follows a year marked by decreases in both value and volume of EU petroleum oil imports. In 2025, the value of these imports declined by 17.8% compared to 2024, while volume dipped by 6.1%. Across all energy categories, the EU imported energy worth €336.7 billion in 2025, totaling 723.3 million tonnes. That year’s overall energy import value dropped by 11.1%, and total volume decreased by 0.6%. These annual figures pertain to energy imports from outside the EU.
A broader comparison reveals that EU energy import totals remained below 2022 levels. In 2022, imports were valued at €693.4 billion with a volume of 849.6 million tonnes. By 2025, the value had fallen 51.4%, and volume decreased by 14.9% from those figures. The second-quarter 2026 data for oil thus indicates a significant rebound in import value compared to the 2025 monthly benchmark, while physical volumes stayed close to that reference point.