LUXEMBOURG / RankWire.AI / – In the second quarter of 2026, European Union petroleum oil imports experienced a 55.8% increase in value, despite minimal change in volumes. According to Eurostat, the import volume reached 36.7 million tonnes, a 1.2% rise from the average monthly volume in 2025. These figures indicate a notable rise in import worth without a corresponding increase in physical oil quantities. The data specifically pertains to crude petroleum oils imported into the EU from countries outside the bloc.
The pattern for liquefied natural gas during the same period was different. EU LNG import value increased by 4.1%, whereas the volume decreased by 5.6% from the 2025 monthly average. Conversely, natural gas in gaseous form saw gains in both metrics—its value climbed 18.5%, and volume rose by 3.4%. This data shows that the three main categories of energy imports shifted at varying rates in terms of value and physical quantity over the quarter.
During the second quarter, the United States supplied 18.8% of EU petroleum oil imports, making it the largest source. Norway accounted for 14.3%, with Kazakhstan providing 13.4%. Collectively, these three countries contributed to 46.5% of the EU’s petroleum oil imports during that period. When it comes to natural gas, the supplier rankings varied: the United States was the leading LNG exporter, while Norway held the largest share of gaseous natural gas imports.
United States Dominates EU LNG Imports
In the second quarter of 2026, the United States supplied 63.2% of EU liquefied natural gas. Russia followed with 17.3%, and Algeria supplied 8.1%. These three nations accounted for 88.6% of all LNG imports in the period. This concentration was higher than that seen in petroleum oils, where the top three suppliers accounted for less than half of the total imports. These figures reflect each partner’s share of EU imports for the 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%, and the United Kingdom was third at 11.1%. Russia supplied 10.2%, placing it behind the United Kingdom in this category. The quarterly data was compiled by Eurostat from Comext trade figures and statistical estimates. The energy products examined include crude petroleum oils, liquefied natural gas, and natural gas in gaseous form.
Oil Import Values Bounce Back After 2025 Decline
The rise in oil import value during Q2 follows a year when EU petroleum oil imports decreased in both volume and worth. In 2025, the import value dropped by 17.8% compared to 2024, while volumes declined by 6.1%. Overall, the EU’s energy imports across all categories totaled €336.7 billion in 2025, with a volume of 723.3 million tonnes. That year, total energy import value fell by 11.1%, and overall volume decreased by 0.6%. These annual figures cover energy imports from outside the EU.
Looking at longer-term trends, the EU’s energy import totals remain below the levels seen in 2022. In that year, imports were valued at €693.4 billion, with a volume of 849.6 million tonnes. By 2025, both metrics had fallen significantly—value by 51.4% and volume by 14.9%. Therefore, the second-quarter 2026 oil import figures represent a substantial rebound in value compared to the 2025 monthly average, while physical volumes stayed close to that benchmark.