Eurostat: EU energy imports fell in the quarter due to weaker supplies from Russia

Energy imports into the European Union fell again in the second quarter. Member states are continuing to reduce their dependence on supplies from Russia, the EU statistical office Eurostat said today. In value terms, energy imports fell by 39.4 percent year on year, while in volume terms they fell by 11.3 percent.

In the first quarter, energy imports into the EU fell by 26.5 percent in value terms and by 6.1 percent in volume terms. The decline followed a sharp increase between 2021 and 2022.

Russia, which was still the EU’s largest supplier of petroleum oils in the second quarter of last year, with a market share of 15.9 percent, saw its share fall to 2.7 percent in the second quarter of this year. It became the EU’s twelfth-largest supplier. Norway, Kazakhstan, the United States and Saudi Arabia increased their share of this market over the same period, Eurostat said.