INTERNATIONAL ENERGY FORUM (IEF)

The International Energy Forum (IEF) is an inter-governmental, non-profit international organisation which aims to foster greater mutual understanding and awareness of common energy interests among its members.

The Forum’s biennial Ministerial Meetings are the world’s largest gathering of Energy Ministers.

The International Energy Forum also coordinates the Joint Organisations Data Initiative (JODI) which is a concrete outcome of the global energy dialogue.

Background

Established in Paris in July 1991, the International Energy Forum was created in order to stabilise the global energy market after the 1970s energy crisis, and the 1980s oil glut. One of the main priorities of the Forum was to bring together member-states and private corporations in order to increase awareness of national and international interests, and the workings of the market in order to avoid the instabilities of the previous two decades.

Members

72 member states. The IEF is unique in that participants not only include IEA and OPEC countries, but also key international actors such as Brazil, China, India, Mexico, Russia, and South Africa. The IEF member countries account for more than 90 percent of global oil and gas supply and demand.

Secretariat

The secretariat of IEF is based in Riyadh, Saudi Arabia.

Objectives

1 . Fostering greater mutual understanding and awareness of common energy interests among its Members.

2 . Promoting a better understanding of the benefits of stable and transparent energy markets for the health of the world economy, the security of energy supply and demand, and the expansion of global trade and investment in energy resources and technology.

3 . Identifying and promoting principles and guidelines that enhance energy market transparency, stability and sustainability.

4 . Narrowing the differences among energy producing, consuming and transit Member States on global energy issues and promoting a fuller understanding of their interdependency and the benefits to be gained from cooperation through dialogue among them, as well as between them and energy related industries.

5 . Promoting the study and exchange of views on the inter-relationships among energy, technology, environmental issues, economic growth and development.

6 . Building confidence and trust through improved information sharing among States.

7 . Facilitating the collection, compilation and dissemination of data, information and analyses that contribute to greater market transparency, stability and sustainability.