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Germany’s hydrogen needs and production will increase

Location:

GERMANY

The strategy doubles Germany’s domestic hydrogen production target, shifts its approach to low-carbon hydrogen and pledges other measures to establish a domestic hydrogen market…

German automakers face obstacles on all fronts

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GERMANY

German manufacturers face a multi-faceted competitiveness challenge. Domestic output almost halved from 2016 to 2021. The failure to match rivals in the development of electric…

Egypt will struggle to save its gas surplus

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EGYPT

This is increasing annually because of population growth and rising global temperatures. Exports of liquefied natural gas (LNG) are on hold until autumn, and upstream production…

Gulf economies are on a stable track despite risks

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GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Turkey plans for competitive industries, lower imports

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TURKEY

Development plans define what constitutes mainstream social and economic policy in Ankara. This plan lays out the intentions of President Recep Tayyip Erdogan’s Justice and…

Kazakhstan will struggle to boost oil output

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KAZAKHSTAN

Astana's aspirations to reach 2 million b/d have been set back by difficulties in raising output at major fields. Government efforts to diversify the economy away from…

Vietnam will likely miss 2023 GDP growth target

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VIETNAM

GDP growth slowed to 3.3% year-on-year in the first quarter. The slowdown was mainly due to the decline in exports, with Vietnam’s top export markets -- the United States, the EU…

Electricity shortages create new problems in Ecuador

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ECUADOR

Precautionary measures to prevent the collapse of the electricity system were implemented on October 27 and are expected to continue for several weeks. Rationing has left most of…

Algeria's energy sector will grow

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ALGERIA

The energy sector underperforms its potential owing to chronic leadership instability, endemic corruption and stifling bureaucracy. Despite this, Algeria has experienced a…

Iran is approaching the limits of its oil expansion

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IRAN

Iran’s increasingly skilled sanctions evasion (aided by less intense US enforcement) has made it the second-largest contributor to higher global oil output over the past year…