The European Union’s (EU) petroleum oil imports remained largely stable in the first quarter of 2026 compared with the 2025 monthly average, according to data from Eurostat, the EU’s statistical office.

The value of petroleum oil imports increased slightly by 0.8 per cent, while import volumes declined by 0.6 per cent.

Meanwhile, liquefied natural gas (LNG) imports recorded an 8 per cent decrease in value but a 2.9 per cent increase in volume.

Imports of natural gas in gaseous form declined during the period, with the value falling by 12.7 per cent and volumes decreasing by 4 per cent.

The United States remained the largest supplier of petroleum oil to the EU, accounting for 17.8 per cent of imports, followed by Norway (16.6 per cent) and Kazakhstan (9.6 per cent).

The US also dominated LNG supplies, providing 57.4 per cent of EU imports, ahead of Russia (17.3 per cent) and Qatar (6.6 per cent).

For pipeline natural gas, Norway was the leading supplier with a 54.4 per cent share, followed by Algeria at 18.5 per cent and Russia at 9.8 per cent. -OGN/TradeArabia News Service