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            • Oil Market Report - June 2026

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              All content Reports Data & Tools News & Events
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                • Country

                Italy

                …and energy efficiency, aiming to reach 30% of renewables in total energy consumption and 55% of renewables in electricity generation. The country has experienced notable growth in the renewable energy sector and has successfully integrated large volumes of variable renewable generation. Natural gas is a major source for electricity and heating, therefore Italy has strengthened its energy security by diversifying natural gas supply, making use of the pipeline and LNG infrastructure that it has built up over the last decade. Reducing overall demand for natural gas through an accelerated shift to alternative energy sources and a stronger focus on energy…

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                • + 5 pages

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                • Country

                Uzbekistan

                Despite being energy self-sufficient thanks to its gas sector, Uzbekistan's ageing infrastructure struggles to meet growing domestic demand. Losses, overuse and financing remain problematic. Wide-ranging reforms focused on improving and diversification the energy sector are being introduced and the government has adopted the Strategy of Actions 2017-2021, which prioritizes improving energy efficiency and increasing generating capacity and use of renewables. Uzbekistan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Country

                Jamaica

                The government of Jamaica adopted a national Energy Policy in 2010 , which establishes a goal of 20% of renewable energy in the energy mix by 2030. This Strategic Framework also addresses both the supply and demand energy issues that the country faces.

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                • Country

                Estonia

                …mainly to lowering its reliance on electricity generation from domestic oil shale, an energy rich sedimentary rock. However, oil shale remains the main energy source and imported fossil fuels still plan a major role, especially in transport. Estonia’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. Estonia is aiming to accelerate its clean energy transition with a target to cover 100% of annual electricity demand with renewables by 2030 as part of a larger package to achieve climate neutrality by 2050. It is seeing success with one of the highest uptakes of heat…

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                • + 5 pages

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                • Country

                Denmark

                …carbon capture and storage (CCUS) and hydrogen. The government has a robust energy and climate governance under the Danish Ministry of Climate, Energy and Utilities and ‘the year wheel’ of Climate Act of 2020 ensures annual policy actions and funding. Among IEA countries, Denmark has the highest share of wind electricity, which together with bioenergy and solar photovoltaic make up over 80% of the electricity mix. The district heating sector has practically phased out coal, contributing to lower reliance on fossil fuels in Denmark’s total energy supply than IEA average. Denmark is committed to end fossil fuel production by…

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                • + 5 pages

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                • Country

                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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                • + 5 pages

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                • Country

                Portugal

                …supporting decarbonisation through a wide variety of measures, such as, coal-fired generation was phased out in 2021. Portugal is further developing its large hydropower fleet, including additional capacity of pumped hydro storage. Portugal is an international leader for integration of wind generation, and auctions are driving rapid deployment of PV and battery storage. Portugal is pushing for better electricity interconnections with the rest of Europe. Portugal’s National Energy and Climate Plan sets 2030 targets for emissions reductions, energy efficiency and renewable energy that aim to put the country a path to achieving cost effective carbon neutrality by 2050.

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                • + 5 pages

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                • Country

                Moldova

                Moldova is almost fully dependent on fossil fuel and electricity imports, with natural gas serving most of its energy needs. The government plans to diversify the energy mix with renewables such as wind and solar. Moldova is part of the EU4Energy Programme, which focuses on improving evidence-based policy making for the energy sector.

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                • + 5 pages

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                • Country

                Azerbaijan

                Azerbaijan has one of the highest energy self-sufficiency ratios in the world as a major crude oil and natural gas producer. While the renewable sector has not seen as much attention, the government is now looking to stimulate investment and accelerate deployment, allowing for diversification of domestic energy consumption. In addition, the government is working on a new energy strategy that will set the stage for further policy shifts. Azerbaijan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Country

                Japan

                …safety. Achieving the aim of carbon-neutrality by 2050 will require substantially accelerating the deployment of low-carbon technologies by 2030, to address regulatory and institutional barriers and further enhance competition in energy markets. It will also be important to develop different decarbonisation scenarios and to prepare for the possibility that certain low-carbon technologies, such as nuclear, might not expand as quickly as hoped. Stronger reliance on market-based instruments, such as carbon pricing, could be one policy option for Japan to cost-effectively reduce emissions, foster innovation and further increase the country’s high level of energy efficiency.

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                • + 5 pages

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