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The Future Global Energy Security

Energy Charter Secretary-General Dr Urban Rusnák was invited by the Secretary-General of the International Energy Forum (IEF), H.E. Sun Xiansheng, to attend the 16th Ministerial Meeting from 10-12 April 2018 in New Delhi. The theme of the Forum was “The Future of Global Energy Security: Transition, Technology, Trade and Investment”. In his inaugural address, Prime Minister of India Narendra Modi outlined the four pillars of the energy sector: energy access, energy efficiency, sustainable energy and energy security. Over the coming decades, India will see the fastest energy demand growth in the world, accounting for almost one-third of the total energy demand growth.

The IEF is one of the largest gatherings of energy ministers, including not only International Energy Agency (IEA) and OPEC countries, but also key international actors. The energy transition is underway and the distinction between consuming and producing energy countries is becoming blurred. The Minister of Energy of Saudi Arabia H.E. Khalid Al Falih underlined the need to take a holistic view and consider the totality of the energy sources throughout their value chain, from production to consumption, as the recipe for an orderly and successful transformation. Representatives from the United States, China, Japan, Russia, Iran, UAE, Qatar and Nigeria attended the meeting as well as CEOs and international organisations.

The importance of a global energy dialogue has never been higher than at the present moment when so many uncertainties surround the energy market. A global architecture calls for institutional coordination to promote synergies and avoid overlaps. Hence the importance to outline the specific added value of the International Energy Charter to promote stable, transparent and fair investment frameworks that enhance a level playing field and the rule of law in the energy sector. Dr Rusnák and the Head of Expansion Unit Dr Ernesto Bonafé discussed the current dynamics of the International Energy Charter in bilateral meetings with a range of Ministers from Member, Observer and outreach countries that gathered in New Delhi.

Secretary-General & H.E. Suhail Mohamed Al Mazrouei, Minister of Energy and Industry of UAE

Indian Prime Minister Narendra Modi and Secretary-General