IEF events and symposia are often the product of collaboration and as the dialogue process evolves, relevant institutional cooperation is made to improve the context of discussions with the hope of developing action orientated responses to issues facing the global energy scene.
Regarding information dissemination, the IEF seeks to act as a platform for sharing insights and exchanging views about energy market trends and short-, medium-, and long-term energy outlooks, including analysis of market behaviour and discussion of key drivers of the energy scene and associated uncertainties.
The IEF is the neutral facilitator of informal, open, informed and continuing global energy dialogue. Recognising their interdependence in the field of energy, the member countries of the IEF co-operate under the neutral framework of the Forum to foster greater mutual understanding and awareness of common energy interests in order to ensure global energy security. The 72 Member Countries of the Forum are signatories to the IEF Charter, which outlines the framework of the global energy dialogue through this inter-governmental arrangement.
Covering all six continents and accounting for almost 90% of global supply and demand for oil and gas, the IEF is unique in that it comprises not only consuming and producing countries of the IEA and OPEC, but also Transit States and major players outside of their memberships, including Argentina, China, India, Mexico, Oman, Russia and South Africa. Sitting alongside other important developed and developing economies on the 31 strong IEF Executive Board these key nations are active supporters of the global energy dialogue through the IEF.
The Forum's biennial Ministerial Meetings are the world's largest gathering of Energy Ministers. The magnitude and diversity of this engagement is a testament to the position of the IEF as a neutral facilitator and honest broker of solutions in the common interest.
The International Energy Business Forum (IEBF) provides a platform for discussion between Ministers and Chief Executive Officers of leading energy companies. At the 8th IEF in Osaka, Japan, industry leaders and Ministers met informally prior to the Ministerial meeting itself. The Netherlands convened the first IEBF at the 9th IEF in Amsterdam on May 22, 2004. The 2nd IEBF was held two years later at the 10th IEF in Doha, Qatar, and was attended by CEOs of more than 30 leading oil and gas companies. The success of these initial meetings earned the IEBF a permanent role and it is now regularly convened the day before each IEF Ministerial.
The findings of the IEBF meeting are fed directly into the IEF Ministerial and subsequent IEF symposia to ensure that Ministers participating in the Forum are cognizant of the concerns foremost in the minds of industry leaders. This communication is essential to the health of the dialogue.
The IEBF has grown in stature and continues to attract the biggest names in oil and gas because the relationship between government and industry is an increasingly crucial element in the complex process that ensures product is delivered to the market in an affordable, timely and sustainable manner. No private company or sovereign nation can effectively address the myriad issues facing the energy sector unilaterally. But, if both embrace the concept of energy security as a shared responsibility, the world can move closer to more sustainable and stable energy systems and markets.
The IEBF provides a platform for industry leaders to register and debate their views and concerns with the audience most essential to their success—the world’s key energy policymakers. The IEBF is a unique opportunity to freely and openly address sensitive subjects which would otherwise be left unsaid or dealt with less effectively on an ad hoc or bilateral basis.
The 12th International Energy Forum (Cancun, March 2010) demonstrated how important the global energy dialogue is in identifying cooperative approaches to global challenges, narrowing the differences among producing and consuming countries, both developed and developing, increasing awareness of their common interest in promoting transparency, stability and predictability of energy markets and energy-related policies, including through the exchange of views on energy, technology, environmental issues, economic growth and development.
In this connection, the 12th IEF welcomed the positive approach and constructive efforts of the Secretariats of the International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) to identify specific areas of cooperation to better understand energy market functioning, and to share insights and exchange views about energy market trends and outlooks, and invited them to ensure rapid implementation of their agreement.
The joint IEA-IEF-OPEC programme is now well on track and has already delivered many useful results. This report presents the ongoing implementation of IEA/IEF/OPEC areas of cooperation and progress made since Cancun.
The Joint Organisations Data Initiative is a concrete outcome of the producer-consumer energy dialogue. The initiative gathers data from around 100 countries on key oil supply and demand indicators, and from 77 countries on key gas supply and demand indicators. The data, having first been submitted through the IEF's JODI partner organisations (APEC, EUROSTAT, IEA, IEF, GECF, OLADE, OPEC, UNSD) is collated and disseminated through the JODI-Oil and JODI-Gas World Databases (www.jodidata.org) hosted by the IEF.
The importance of exchanging data as a means to enhance transparency of global energy commodity markets is recognised by IEF Energy Ministers as being beneficial to energy security and in the interest of producers and consumers alike.
The initiative relies on the combined efforts of producing and consuming countries and the eight JODI partner organisations to build the data provision architecture which is a prerequisite for the delivery of timely, comprehensive, and sustainable energy statistics necessary to underpin stable energy commodity markets.
By helping to mitigate some of the uncertainties that may be detrimental to market functionality, JODI aims to moderate undue price volatility, thereby increasing investor confidence and contributing to greater stability in energy markets worldwide.
The Royal Institute of International Affairs is an independent research institute, think-tank and membership organisation. Based at Chatham House in London, it works to stimulate debate and research on political, business, security and other key issues.
The Energy and Resources Institute (TERI) fosters the development of solutions to global problems in the fields of energy, environment and current patterns of development. The Institute is head-quartered in New Delhi, India.
The Energy Charter Treaty and the Energy Charter Protocol on Energy Efficiency and Related Environmental Aspects were signed in December 1994 and entered into legal force in April 1998. The fundamental aim of the Energy Charter Treaty is to strengthen the rule of law on energy issues, by creating a level playing field of rules to be observed by all participating governments, thereby mitigating risks associated with energy-related investment and trade.
- Communiqué G20 Finance Ministers and Central Bank Governors, Paris, 14-15 October 2011
- Communiqué Meeting of Finance Ministers and Central Bank Governors, Mexico City, 25-26 February 2012
- G20 calls on IEF to improve oil market transparency and strengthen producer-consumer dialogue
- G20 Finance Ministers welcome interim report on improving JODI-Oil and call for further work from IEF and other organisations on implementation strategies and extension of the work to gas and coal, 19 February 2011
- IEF participation in the G20 Finance Ministers and Central Bank Governors' Meeting, 18-19 February 2011, Paris.
- IEF participation in the G20 Workshop on Energy Security in Riyadh, 17 October 2010.
- IEF Secretary General Noe van Hulst participated in the commodities sessions of the G20 Finance and Central Bank Governors Meeting on 14-15 April 2011, Washington
- IEF Secretary General Noé van Hulst participated in the G20 Energy Meeting in Abu Dhabi on 5 April 2011
The Gas Exporting Countries Forum (GECF) is a gathering of the world's leading gas producers aimed at representing and promoting their mutual interests.
The GECF was set up with the objective to increase the level of coordination and strengthen the collaboration between member countries. The forum also seeks to promote dialogue between gas producers and consumers.
The Global Carbon Capture and Storage Institute (Global CCS Institute) has an integral role to play in reducing the effects of climate change. Its central objective is to accelerate the commercial deployment of carbon capture and storage (CCS) projects to ensure their valuable contribution in reducing carbon dioxide emissions.
Institut Français du Pétrole (IFP) is a scientific research and industrial development, training, and information services centre active in the fields of oil & natural gas, their use, in particular by vehicles, and new energy and environmental technologies.
Institute of Energy Economics of Japan (IEEJ) is an autonomous, not-for-profit, research institute headquartered in Tokyo, Japan. It assists the government and corporations to formulate policies and make decisions in the areas of energy and environment.
The International Energy Agency (IEA) is an intergovernmental organisation which acts as energy policy advisor to 28 member countries in their effort to ensure reliable, affordable and clean energy for their citizens. Founded during the oil crisis of 1973-74, the IEA’s initial role was to co-ordinate measures in times of oil supply emergencies. As energy markets have changed, so has the IEA. Its mandate has broadened to incorporate the “Three E’s” of balanced energy policy making: energy security, economic development and environmental protection.
The International Gas Union (IGU) is a non-profit organisation to promote the technical and economic progress of the gas industry. Membership includes associations and entities of the gas industries in 67 countries.
OPEC's mission is to coordinate and unify the petroleum policies of Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in the petroleum industry.
The OPEC Fund for International Development (OFID) is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries (OPEC). OFID has two primary aims: To promote cooperation between OPEC Member Countries and other developing countries as an expression of South-South solidarity; and, to help particularly the poorer, low-income countries in pursuit of their social and economic advancement. Energy poverty alleviation has become a strategic priority for OFID since 2007, when it was enjoined by its Member Countries in the Solemn Declaration of the Third OPEC Summit to sharpen its focus in this area.