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Strategic Partnership Agreement with the International Energy Agency (IEA) And GOI

International Energy Agency (IEA):

The Framework for Strategic Partnership between the International Energy Agency (IEA) members and the Government of India was signed.

  • It aims to strengthen mutual trust and cooperation & enhance global energy security, stability, and sustainability.
  • This partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of the IEA.
  • The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization.
  • It was established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
  • The IEA is made up of 30 member countries.
  • In addition, the IEA family also includes eight association countries which include Brazil, China, and India.
  • Three countries are seeking accession to full membership, Chile, Israel, and Lithuania.