The IEF Ministerial meetings are informal dialogues, at both the political and technical levels, aimed to improve policy and investment decisions, and through increased knowledge and experience sharing.
The meeting was held under the theme: “The Future of Global Energy Security – Transition, Technology, Trade and Investment”
The biennial IEF Ministerial Meetings are the world’s largest gathering of Energy Ministers who engage in a dialogue on global energy issues.
The International Energy Forum (IEF) is an inter-governmental arrangement set up in 1991. It is based in Riyadh.
It serves as a neutral facilitator of informal, open, informed and continuing global energy dialogue among its members comprising of energy producing and energy consuming states, including transit countries.
There are 72 member countries of IEF, including India, covering all six continents, which are signatories to the Charter of the IEF. Its membership accounts for 90% of global supply and demand for oil and gas.
The Executive Board (EB) set up in 2002 comprising of 31 designated representatives of Ministers of the member states comprise the governing board of IEF.
It meets twice a year.
International Energy Agency (IEA) and Organisation of the Petroleum Exporting Countries (OPEC) are non-voting members of the Executive Board.
The EB is chaired by the Host State of the next biennial Ministerial Meeting. Currently, India is the Chair of the Executive Board of IEF.