Inaugurating 16th International Energy Forum Ministerial meeting in the capital, Prime Minister Narendra Modi urged the participating nations that we all must work in the direction to ensure clean, affordable, sustainable and equitable supply of energy
India is hosting the 16th International Energy Forum. The event being held in Delhi is being co hosted by China and South Korea. Formally inaugurated by Prime Minister Modi on Wednesday, the focus of this event is on global energy security and transition.
The biennial IEF Ministerial Meetings are the world’s largest gathering of Energy Ministers, who engage in a dialogue on global energy issues. Energy ministers, industry leaders and heads of key international organisations will debate the future of global energy.
These meetings are aimed to improve policy and investment decisions through increased knowledge and experience sharing.
The IEF has 72 countries as its members and they account for almost 90% of global supply and demand for oil and gas. Invitations have also been extended to 20 other countries where India has oil and gas engagements.
The forum gives India an opportunity to voice its concerns with partner countries. India has been demanding fair and priority pricing of oil and gas from its sources and the issue is likely to come up at the forum as well.