LUXEMBOURG / RankWire.AI / – The European Union saw a 55.8% increase in petroleum oil import values during the second quarter of 2026, with little change in the volume of imports. Eurostat reported that the import volume reached 36.7 million tonnes, up 1.2% from the 2025 monthly average. These figures indicate a sharp rise in the monetary worth of imports, while physical quantities stayed relatively stable. The data accounts for crude petroleum oils entering the EU from outside countries.
LNG imports followed a different pattern in the same period. EU LNG import value increased by 4.1%, despite a 5.6% decrease in volume compared to the 2025 monthly average. Conversely, natural gas in gaseous form saw increases in both value and volume. Its value rose by 18.5%, and volume increased by 3.4%. These outcomes demonstrate that the three main energy import categories moved at different paces in terms of monetary worth and physical quantity during the quarter.
In the second quarter, the United States supplied 18.8% of the EU’s petroleum oil imports, making it the top source. Norway contributed 14.3%, and Kazakhstan provided 13.4%. Collectively, these three nations accounted for 46.5% of the bloc’s petroleum oil imports during that period. The supplier rankings varied across natural gas categories. The United States led LNG shipments, while Norway held 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. Russia supplied 17.3%, and Algeria accounted for 8.1%. These three sources made up 88.6% of LNG imports during the period. This concentration exceeds that of petroleum oil, where the top three suppliers held less than half of total imports. These figures reflect each partner’s share of EU imports for that energy type.
Norway supplied 51.2% of the EU’s natural gas in gaseous form during the same period. Algeria was second with 18.2%, and the United Kingdom followed at 11.1%. Russia accounted for 10.2%, placing it behind the UK in this category. Eurostat based these quarterly figures on Comext trade data and statistical estimates. The data covers crude petroleum oils, liquefied natural gas, and natural gas transported in gaseous form.
Oil Import Values Rebound After 2025 Decline
This rise in the second quarter comes after a year marked by declining EU petroleum oil imports in both value and volume. In 2025, the import value dropped 17.8% from 2024, and volume fell 6.1%. Overall, the EU imported energy worth €336.7 billion in 2025, totaling 723.3 million tonnes. That year, total energy import value decreased by 11.1%, and volume declined by 0.6%. These yearly figures include energy imports from outside the EU.
Comparing further back, energy imports in the EU were higher in 2022. In that year, imports were valued at €693.4 billion, with a volume of 849.6 million tonnes. By 2025, the value had fallen by 51.4%, and volume had decreased by 14.9%. The second-quarter 2026 oil figures thus show a notable rise in import value compared to the 2025 monthly average, while physical volumes remained close to that baseline.