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            • Oil Market Report - June 2026

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                • Country

                Malaysia

                In Malaysia, the share of gas in the power mix decreased from 67% in 2005 to 47% in 2015, led by policies to switch to coal in response to declining domestic gas production. The country holds a large share of Southeast Asia’s fossil fuel resources.

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                • Country

                Kazakhstan

                Kazakhstan is a significant producer of coal, crude oil and natural gas, and a major energy exporter. While coal dominates the country’s energy mix, renewable sources of energy are a small but growing share of Kazakhstan’s electricity generation. Gas pipeline network expansion remains a priority, in order to expand access and reduce reliance on coal and LPG for household consumption. Kazakhstan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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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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                • Commentary

                • 09 Jun 2026

                The energy crisis creates even stronger impetus for EU electrification

                draft title Electrification is central to meeting the European Union’s goals on energy security, competitiveness, affordability, and emissions reductions. The closure of the Strait of Hormuz has highlighted the risks of over-dependence on imported fuels and concentrated supply routes, making the case for electrification even stronger.In the EU, around 70% of electricity generation is already supplied from domestic, low-emissions sources. And yet end-users (industry, buildings and transport sectors), source less than one quarter of their energy consumption from electricity. Today, around two-thirds of end-use energy consumption relies on fossil fuels, of which the…

                • Country report

                • May 2026

                Portugal 2026

                Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Portugal and the IEA. It draws on the IEA’s extensive…

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                • Policy recommendations for PortugalPolicy recommendations for Portugal
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                • Country

                Iraq

                Iraq holds abundant oil and gas resources and has strong solar PV potential. Its production to 2030 is set to be third largest contributor to global oil supply. By the same year, the government expects that renewable capacity will amount for 5% of the country’s total system capacity.

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                • Country

                Latvia

                Latvia is undertaking its energy transition with some promising results to date, with the goal to reduce total greenhouse gas emissions (without land use, land-use change and forestry) by 65% from 1990 levels by 2030 and to achieve net zero by 2050. It has made inroads on the share of renewable energy in its fuel mix, with sizeable shares of bioenergy and hydropower.
                Renewable energy sources dominate its electricity mix, in particular, accounting for around three-quarters of domestic generation. Other sectors, notably transport and buildings, continue to consume large amounts of energy and rely on dated infrastructure that…

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                Togo

                Less than half of the Togolese population has access to electricity. The country has a relatively diversified energy mix and more than 13% of its final energy consumption comes from renewable supplies of energy, mainly hydropower.

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                Eritrea

                Less than half of the population of Eritrea has access to electricity. Most of the country's electricity generation comes from imported oil.

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                • Country

                Nigeria

                Nigeria is the largest economy and the richest oil resource centre of the African continent. The country also remains the largest gas consumer and producer of West Africa. Notable power sector reforms are underway in Nigeria, including plans for electrification.

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                • + 5 pages

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