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            • Oil Market Report - June 2026

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                • Country

                Equatorial Guinea

                Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG exports in 2007.

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                • Country

                Finland

                Finland has one of the most ambitious climate targets, a legal obligation to reach carbon neutrality by 2035. It is making progress towards this target and has one of the lowest levels of reliance on fossil fuels among IEA member countries. Finland’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. A continued push towards the energy transition is needed, as imported fossil fuels still account for over one-third of energy supply and cover higher shares in transport and key industries.

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                • + 5 pages

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                • Country

                Bahrain

                Bahrain's energy supply comes largely from the exploitation of its domestic fossil fuels resources. The country is also a major producer and exporter of oil, petroleum products and natural gas.

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                • Country

                Indonesia

                Indonesia’s imports of oil have rapidly increased in recent years. This resource-rich nation is the world’s fourth-largest producer of coal and Southeast Asia’s biggest gas supplier. The country is the largest producer of biofuels worldwide and it is scaling up efforts to exploit its renewable energy potential. Indonesia's importance is underscored by its sizeable population of 250 million people – the fourth-largest in the world – and its significant role as a major producer and consumer of energy in regional and international markets. Indonesia is also the largest economy in ASEAN and an active member…

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                • + 5 pages

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                • Country

                Cambodia

                Cambodia’s electrification rate is the second-lowest among South East Asian countries. Cambodia plans to increase its power generation capacity by building hydropower and coal-fired plants by 2025, which can contribute to improve self-sufficiency of power supply.

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                • + 5 pages

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                • Country

                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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                • + 5 pages

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                • Country

                Mongolia

                Coal is the first source of electricity generation in Mongolia, but the country has recently begun using hydro, solar and wind power, and has adopted a law aiming to increase and regulate the use of renewables.

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                • + 5 pages

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                • Country

                Botswana

                Coal production is set to increase in Botswana, but exports remain limited and mainly involve trade with neighbouring countries. Regarding electrification rates, the country has recently made good progress through a large push for mini-grid and off-grid solutions in rural areas.

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                • + 5 pages

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                • Country

                Australia

                Established under the 2022 Climate Change Act, Australia's climate goals include doubling emissions reductions by 2030 and reaching Net Zero emissions by 2050, while ensuring a just and inclusive energy transition through the guidance of the Net Zero Authority under the Prime Minister’s office. By 2030, the government aims to reach the clean electricity target of 82% of renewable energy. In addition to this target, Australia is implementing a new 2030 critical minerals strategy and gas market reforms to boost energy security during the transition. Flexibility, fuel availability and resilient infrastructure will become even more vital as Australia…

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                • + 5 pages

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                • Country

                Estonia

                Estonia has achieved a notable reduction in greenhouse gas emissions thanks 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…

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