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            • Oil Market Report - June 2026

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                Bosnia and Herzegovina

                Bosnia and Herzegovina adopted a National Environmental Action Plan, which provides action path to address the major environmental issues of the country. In the energy sector the target will be achieved by increasing energy efficiency and usage of renewables (hydro, solar, wind and geothermal energy).

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                • Country

                Montenegro

                The Energy Development Strategy of Montenegro sets out objectives and defines mechanisms for the transition from the current energy system to a safe, competitive and environmentally acceptable energy paradigm by 2025. It also provides guidelines for the development of the energy sector with the aim of attracting investors.
                Data for Montenegro is included under Serbia until 2004.

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                • Country

                United Kingdom

                …2050 and to put in place carbon budgets. UK emissions have already fallen by around 50% since 1990, indicating a strong start. Looking ahead, an important pillar of the energy transition will be decarbonising the power sector through sizeable new investments in renewables and nuclear while also focusing on new technologies such as CCUS, hydrogen and small modular reactors. As a historic oil and gas producer, the UK is looking to address declining North Sea production and redirect the region's capacity to clean technologies. The strategies align with UK industrial policies to create new jobs and build manufacturing expertise.

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                Hungary

                Hungary was among the first countries globally, in June 2020, to make a legal commitment to become carbon neutral by 2050 and plans to phase out coal by 2030 at the latest. Enhanced energy efficiency, increased renewable and nuclear electricity and electrification of end-use sectors are identified as the key drivers towards the 2050 target. Hungary plans to build two new nuclear unit and while solar PV has grown notably, wind lacks behind its potential but the change in siting limits for wind turbines are likely to have a positive impact on the sector.

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                Armenia

                Imports of oil and gas cover 77% of Armenia’s energy needs. Current energy policy is focused on developing indigenous energy sources, mainly renewable, and on replacing the country’s main nuclear reactor. Energy Efficiency policy has also become a bigger priority as energy security and reliability remain key focus areas. Armenia is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                Niger

                Access to electricity remains a challenge in Niger and the country is reliant on electricity imports for a significant share of its supply. The country is an oil resource centre and it is one of the ten-largest uranium resource-holders in the world.

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                Libya

                In 2013, the Libyan government launched the Renewable Energy Strategic 2013-2025 Plan, which aims to achieve 7% renewable energy contribution to the electric energy mix by 2020 and 10% by 2025. This will come from wind, Concentrated Solar Power, solar PV and solar heat.

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                Suriname

                The Intended Nationally Determined Contribution of Suriname to the Paris Agreement included commitments to improve sustainable forest management with the goal of enhancing the country's carbon sink potential, but no targets in terms of absolute or relative GHG emissions by 2030.

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                Czechia

                Czechia has decoupled economic growth from energy consumption since 2009, yet the country’s energy and carbon intensity remain above the IEA average, which highlights the need to make energy efficiency the “first principle” of energy policy. Fossil fuels are still essential building blocks of the energy mix with coal as the single largest fuel for total energy supply and electricity generation. The country is committed to phase-out coal by 2033 and is putting in place a framework for an inclusive transition. Nuclear is the second largest electricity source and the government plans to build new nuclear units at…

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                • Country

                Cameroon

                Electrification rates are relatively high in Cameroon compared to the Central African region: 54% of the population has access to electricity, while consumption remains low. The country produced 70 kb/d of oil in 2013, but production is gradually declining.

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