Norway has significant oil deposits, and is the world's second-largest exporter of natural gas. The Netherlands and the United Kingdom are Europe's other major producers of natural gas. The United Kingdom's offshore facilities in the North Sea are Europe's second-largest producer of oil.
RussiaRussia has the largest natural gas reserves in the world and exports more natural gas than any other country, shipping an estimated 238 billion cubic meters of gas in 2020. Natural gas for automotive use is highly encouraged in Russia.
Russia is the main EU supplier of crude oil, natural gas and solid fossil fuels. In 2020, almost three quarters of the extra-EU crude oil imports came from Russia (29 %), the United States (9 %), Norway (8 %), Saudi Arabia and the United Kingdom (both 7 %) as well as Kazakhstan and Nigeria (both 6 %).
EU storage capacity 73% of the total EU capacity is concentrated in 5 MS: Germany, Italy, French, The Netherlands and Austria.