While energy imports rose sharply between 2021 and 2022, they are now falling significantly for the second consecutive quarter, according to a new Eurostat report published on Monday 25 September.
In the second quarter of 2023, imports fell by 39.4% in terms of value and by 11.3% in terms of net mass compared with the second quarter of 2022.
Russia’s share of EU oil and natural gas imports has fallen steadily, with a massive drop in oil imports (-82%).
Norway, Kazakhstan, the United States, Saudi Arabia and Libya have all increased their share of oil imports.
In terms of natural gas, Norway was the EU’s leading supplier in the second quarter of 2023, with a 44.3% share of total EU imports, followed by the UK (17.8%) and Algeria (16.5%).
For liquefied natural gas, the United States remains the leading supplier (46% of total imports), followed by Russia (12.4%), Qatar (10.9%) and Nigeria (5.1%).
Only Algeria and Nigeria’s share has increased, while those of Russia, Qatar and the United States have reduced. Norway and Oman have also become important suppliers (3.3% and 2.9% respectively).
To view the Eurostat publication: https://aeur.eu/f/8qf (PLD)