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EU Energy Imports Fall 11.1% As LNG Rises And Oil Declines

Eurostat data show that EU energy imports reached €336.7 billion and 723.3 million tonnes in 2025. Both value and volume have declined compared to 2022 levels. Figures reflect changes in energy demand and sourcing across the EU.

Contrasting Trends In Energy Products

Data show an 11.1% year-on-year decline in import value and a 0.6% decrease in volume. Petroleum imports recorded the largest drop, with value down 17.8% and volumes falling 6.1% compared to 2024. LNG imports increased, with value rising 35.2% and volume up 24.4%. Natural gas in gaseous form recorded a 3.4% increase in value, while volumes declined by 5.3%.

Global Sourcing Realigned

The United States, Norway and Kazakhstan were the largest suppliers of petroleum oils, accounting for 15.1%, 14.4% and 12.7% of imports, respectively. In LNG, the United States supplied 56.0% of imports, followed by Russia at 13.9% and Qatar at 8.9%. Norway accounted for 52.1% of gaseous natural gas imports, with Algeria and Russia supplying 17.4% and 10.4%.

Implications For EU Energy Policy

Import levels declined from a peak of €693.4 billion and 849.6 million tonnes. Data reflect adjustments in energy sourcing and consumption. Changes indicate shifts in supplier structure and energy mix across the EU. Further developments will depend on market conditions and policy decisions.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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