How much oil does Europe import from Russia?

According to Eurostat, 30% of the EU’s petroleum oil imports and 39% of total gas imports came from Russia in 2017. For Estonia, Poland, Slovakia and Finland, more than 75% of their imports of petroleum oils originated in Russia.

What does EU import from Russia?

Imports to the EU from Russia are dominated by crude oil and gas. According to the Energy Information Administration (EIA), European countries import 84% of Russia’s oil exports, and about 76% of its natural gas. Germany is the single biggest importer of Russian oil and gas, while the UK buys about 6% of Russia’s gas.

Where does the EU get most of its oil?

Russia
In 2019, total imports of crude oil to the EU amounted to 507.2 million tonnes. The major imports came from Russia (135.8 million tonnes), Iraq (45.3 million tonnes), Nigeria (39.6 million tonnes), Saudi Arabia (38.9 million tonnes), and Kazakhstan (36.8 million tonnes).

Does Russia supply gas to Europe?

Europe relies on Russia for around 35% of its natural gas. The bulk comes through pipelines including Yamal, which goes through Belarus and Poland to Germany, Nord Stream, which goes directly to Germany, and pipelines going through Ukraine.

Where does Russia export most of its oil?

China
Asia and Oceania accounted for 26% of Russian crude oil exports in 2016, with China accounting for a growing share of total Russian exports. In 2016, Russia was the largest supplier of crude oil to China, surpassing Saudi Arabia.

Where does Germany get oil?

The country largely imports its oil from Russia, Norway and the United Kingdom. Germany is also the world’s largest importer of natural gas. The largest gas imports come from the Netherlands, Norway, and Russia via the Nord Stream. In 2016, Germany imported 49.8 billion cubic metres (bcm) of gas from Gazprom.

Who is Russia’s biggest trading partner?

In 2020, Russia’s main trade partner was China, as the volume of export and import trade between the two countries reached nearly 104 billion U.S. dollars. China was the country’s both leading import origin and export destination.

What are the main exports from Russia to the European Union?

In 2017–2018 raw materials (first of all mineral fuels) accounted for the major share of Russian exports to the EU, with Russia’s imports consisting mainly of machinery and transport equipment, chemicals and related products, and various manufactured goods. In August 2012 Russia became the 156th member of the WTO.

How much gas does Russia sell to Europe?

In 2020, Russian gas exports to Europe (under contracts of Gazprom Export) amounted to 174.9 billion cubic meters. Gazprom’s activities in the European gas market are underpinned by long-term contracts with take-or-pay clauses.

Is Russia running out of oil?

Natural Resources Minister Alexander Kozlov on May 11 said Russia has the equivalent of 59 years of oil deposits and 103 years of gas reserves. Throughout 2020 production of oil and gas condensate in Russia dropped by 8.6 percent, hitting the decade-worst result of 512 million tons.