The Cost of Oil Imports to the EU Has Risen by 55,8%: Who Are the Major Suppliers

In the second quarter of 2026, the cost of oil imports to the European Union rose by 55,8%. At the same time, import volume remained largely stable compared with the monthly average for 2025 year and amounted to 36,7 million tonnes (+1,2%).

As Dilo reports, this was announced by the Eurostat press service.

Regarding liquefied natural gas, import costs rose by 4,1%, while import volume fell by 5,6%. For the same period, LNG imports increased in value terms by 18,5% and in physical terms by 3,4%.

Main supplier countries

In the second quarter of 2026 year, the main oil suppliers remained the United States with a share of 18,8%, Norway with a share of 14,3%, and Kazakhstan, which accounted for 13,4% of deliveries.

Most of LNG was imported from the United States, which accounted for 63,2%. Another 17,3% came from Russia, and 8,1% from Algeria.

Norway remained the main LNG supplier with a share of 51,2%. Following it were Algeria with a share of 18,2% and the United Kingdom with a share of 11,1%, which surpassed Russia, whose share stood at 10,2% among the top three partners.

Distribution of EU energy imports by country

Earlier it was reported that Europe expected gas price reductions and postponed active replenishment of storage. As a result, stockpiles ahead of winter amount to only 69% of the norm — the lowest level in the last five years.