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            • Oil Market Report - June 2026

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                • Country

                Lebanon

                The government of Lebanon launched the "National Energy Efficiency and Renewable Energy Action" in 2010 a mechanism dedicated to the financing of green energy projects in the country. Private sector entities can apply for subsidised loans for any type of environmentally friendly projects.

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                Kuwait

                Kuwait is wholly reliant on fossil fuels for energy generation and by 2030, its energy demand will triple. In order to diversify its energy mix, the country targets to increase the share of renewable generation to 15% by 2030.

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                Uruguay

                In 2010 the Ministry of Energy, Mining and Industry of Uruguay approved Decree 354 on the Promotion of Renewable Energies meant to increase dramatically the share of electricity generation from renewable sources in the country.

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                Mauritius

                The energy mix in Mauritius is dominated by coal and oil. Almost 10% of the country's final energy consumption is generated by modern renewable sources of energy – a share that has gradually decreased for the past 20 years.

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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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                • Country

                Tajikistan

                Hydropower is the main source of energy in Tajikistan, followed by imported oil, gas and coal. However, Tajikistan's energy sector is prone to supply shocks, due to seasonal shortages. Energy policy focuses on providing uninterrupted energy access to all users while improving regional co‑operation and energy sector efficiency, but significant domestic and foreign investment will be necessary for continued energy sector development. Tajikistan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                Kenya

                Access to electricity has increased dramatically in Kenya over the past 20 years, reaching almost 3/4 of the population today. The Last Mile Connectivity Project of the Rural Electrification Authority aims to deliver universal access by 2022.

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                Chile

                Chile’s energy policy has evolved dynamically in recent years. In response to changes in the domestic and international environment, significant institutional and policy reforms as well as major infrastructure projects have been carried out. In 2022, Chile’s Ministry of Energy published an update to its the Long-Term Energy Policy (PELP, first published in 2015), which re-emphasises the pledge to net-zero, laying out a clear decarbonisation pathway that addresses all sectors of the national economy.
                Based on its excellent renewable energy resources, Chile has taken a globally leading role in clean energy, and emerged as a…

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                Peru

                Peru’s government identified the development of electricity from renewable energy sources as a public necessity of national interest. The country established a National Renewable Energy Development Plan to be funded by the Annual Budget Law, external debt operations, direct investments and contributions from international institutions.

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                Ukraine

                Ukraine is a key country for European and global energy security. Russia’s invasion of Ukraine has pushed it to fundamentally reshape its past dependence on energy imports from Russia.
                As the invasion continues, Ukraine is focused on tracking large-scale energy supply disruptions and actively working to recover power and heating for civilians. It is also putting together an ambitious recovery and reconstruction plan, with a strong focus on energy security. In the medium-term, Ukraine’s energy strategy remains focused on European integration, while it aims to an energy system that is ready for a Net Zero future…

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