India declared its “Association” status with the International Energy Agency (IEA)

India declared its “Association” status with the International Energy Agency

India declared its “Association” status with the International Energy Agency (IEA) on 30 March.

India’s engagement with the IEA has enhanced over the last two decades and the “Association” status would facilitate it to participate in meetings of the standing groups, committees and working groups that constitute the IEA governance structure.

The announcement was made in New Delhi during a joint press conference with Dr Fatih Birol, the IEA’s Executive Director; Mr Piyush Goyal, Minister of State, with Independent Charge for Power, Coal, New and Renewable Energy and Mines; and Mr Dhamendra Pradhan, Minister of State, with Independent Charge for Petroleum and Natural Gas.

India attaining an Association status is expected to serve as a bridge and platform for wide ranging and deeper cooperation and collaboration between IEA Member and Association countries. The IEA which covers the entire spectrum of energy globally, will play an important role in India’s energy security context. With enhanced cooperation with the IEA, India would be able to play a more visible and influential role in the future global energy governance landscape.

India and IEA have an MoU since 2011 under which both are working on capacity building to respond to an oil emergency situation. With the Association Status in place, both India and IEA will work in the areas of mutual interests pertaining to Oil and Gas sector, including capacity building to meet supply side disruptions.

IEA is a Paris based autonomous organisation established in 1974 to ensure reliable, affordable and clean energy for its 29 member countries by coordinating collective response to major disruptions in oil supply through release of oil stocks into the global markets. It is an important part of global dialogue on energy, providing research, data/statistics, analysis and recommendations on the global energy sector.

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