India has agreed to host the 9th Asian Ministerial Energy Roundtable (AMER9) next year during a wide-ranging discussion with the Secretary General of the International Energy Forum (IEF), Joseph McMonigle, the IEF announced.
The agreement came during a virtual meeting between Mr McMonigle and India's Minister of Petroleum and Natural Gas, HE Dharmendra Pradhan, in the presence of CEOs of Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum Corp in addition to senior officers from the Ministry of Petroleum and Natural Gas. Their discussions also covered the IEF agenda of activities, energy markets and the recovery of the global economy in the wake of the COVID-19 pandemic.
"We welcome India's decision to host the Asian Ministerial Energy Roundtable next year. This demonstrates the value of the IEF as a neutral platform to convene the world's energy powers and support dialogue to balance the interests of energy market participants and minimize the risks of economic shocks," said Mr McMonigle.
"India is expected to account for the largest share of energy demand growth of any country in the world over the next two decades, so their decisions on energy and the transition will be critical in determining the future of energy markets and climate change for everyone."
Minister Pradhan said: "India appreciates the role of the IEF as a unique, neutral body of energy producers and consumers. We held discussions on global oil markets and transition pathways, and I conveyed our concern on rising crude prices and its negative impact on the fragile global economic recovery, and the need for price stability."
The two agreed to continue their institutional engagement on a regular basis and will consider a new proposal drafted by the IEF to enhance bilateral cooperation.
The 9th Asian Ministerial Energy Roundtable will take forward the understandings reached in the 8th Asian Ministerial Energy Roundtable held in Abu Dhabi in 2018, which was co-hosted by India. This focused on global energy security in the age of change.