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            • Oil Market Report - June 2026

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                • Country

                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

                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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                • Country

                Egypt

                Egypt has initiated a number of energy sector reforms, gradually reducing electricity subsidies and introducing feed-in tariffs to promote renewable energy production. The energy sector reforms recently initiated by the country have resulted in a significant increase in investments which have boosted electricity production over the last 5 years and ensured a stable supply across the country.
                Egypt also has plans to increase the share of renewables in the electricity mix to 42% by 2035.

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                • Country

                Nicaragua

                The National Energy Policy of Nicaragua establishes a policy framework for the development and exploitation of renewable sources. The law sets the objective of prioritizing the use of renewable energy in the national energy mix and of stabilizing energy prices using renewables.

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                • Country

                Kyrgyzstan

                Kyrgyzstan’s hydro-rich energy sector is characterised by aging infrastructure and significant losses, which are exacerbated by a combination of weather-related shocks and growing demand. Energy policy aims to improve energy security by developing indigenous energy sources and rehabilitating and expanding transmission and distribution networks. Developing sustainable energy and improving energy efficiency are also priorities, while slowly removing subsidies will allow for further investment and expansion of domestic resources. Kyrgyzstan is part of the EU4Energy Programme, which is focused on evidence-based policymaking in the energy sector.

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                • Country

                Saudi Arabia

                Saudi Arabia has moved forward in the implementation of energy efficiency standards on key sectors and end-uses linked to their energy saving potential. These standards are focused on and the transport and building sectors. For example, new buildings are now required to be insulated.

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                • Country

                Nepal

                Almost the totality of the electricity generated in Nepal comes from hydropower. Most of the energy supply is from biofuels and waste as 21 million people still rely on traditional biomass for cooking. In 2000, 81% did not have access to electricity but with remarkable efforts from the government, only 6% of the population remain without access today.

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                Trinidad and Tobago

                Trinidad and Tobago

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                • Country

                Philippines

                The Philippines has made significant progress in delivering electricity access, boosting the household electrification rate past 90% in 2016. The country is on track to meet the target of achieving universal electrification by 2022, as set out in the Philippine Development Plan 2017-2022.

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                • + 5 pages

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                Angola

                Angola is set to become the largest producer of crude oil in Southern Africa, yet has also set the foundation for the sustainable development of renewables, through investments and supportive measures. Angola has particularly strong hydropower generation potential that remains underutilised.

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