Imports of energy products to the EU down in 2024

In 2024, the EU imported €375.9 billion worth of energy products, amounting to a total of 720.4 million tonnes. Compared with 2023, imports decreased both in value (-16.2%) and in net mass (-7.1%).

For petroleum, a decline was reported in both the value of imported petroleum oils (-4.7%) and in the volume of imports (-2.4%).

Imported liquefied gas also recorded a sharp decrease in value (-39.1%) and volume (-15.1%) compared with 2023. A similar trend was observed for natural gas in gaseous state, which fell by 30.2%, while the volume dropped by 4.4%. 

Source dataset:  Comext and Eurostat estimates

The United States and Norway - key energy suppliers

In 2024, the largest partners for EU imports of petroleum oils were the United States (16.1%), Norway (13.5%) and Kazakhstan (11.5%).

The United States provided almost half of the imported liquefied natural gas (45.3%), ahead of Russia (17.5%) and Algeria (10.7%).

A major part of the natural gas in gaseous state came from Norway (45.6%). Algeria followed with 19.3%, ahead of Russia with 16.6%.

Source dataset:  Comext and Eurostat estimates