- Thursday, April 25, 2024
By: Shilpa Sharma
INDIA will host 9th Asian Ministerial Energy Roundtable (AMER9) next year, the International Energy Forum (IEF) said on Tuesday (22).
The event will take forward the understandings reached in the previous meeting held in Abu Dhabi in 2018, which focused on global energy security in the age of change.
The dates for the event next year will be announced later.
The announcement was preceded by a virtual meeting between IEF secretary general Joseph McMonigle and oil minister Dharmendra Pradhan this week.
“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,” a statement from IEF said.
India is expected to account for the largest share of energy demand growth over the next two decades, McMonigle said.
“So, their decisions on energy and the transition will be critical in determining the future of energy markets and climate change for everyone.”
Trends in global oil markets were also discussed in the virtual meeting.
“I conveyed our (India’s) concern on rising crude prices and its negative impact on the fragile global economic recovery and the need for price stability,” Pradhan said.
IEF is the world’s largest energy organisation with 71 member nations, accounting for 90 per cent of the global energy market.
It holds dialogue promoting energy security, market stability and transparency in the transition to a sustainable and inclusive future.
