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.