In March 2017, India activated the association status with the International Energy Agency (IEA), an organization comprising 29 member countries and 6 association countries.
Membership in the IEA, which is restricted to advanced economy members of the Organization for Economic Co-operation and Development (OECD), requires them to demonstrate their net oil importer status, have reserves equivalent to 90 days’ average of crude oil and/or oil products imports in the prior years, and have a demand restraint program for reducing national oil consumption by up to 10 percent.
In an effort to reflect the rising role of non-OECD economies with major impact on the global energy market, the IEA introduced the “association” status in 2015. Since its inception, China, Indonesia, Thailand, Singapore, Morocco, and now India have become associated with the IEA.
The association status allows these countries to participate in meetings of IEA standing groups, committees, and working parties, without prior invitation. Association countries can work with the IEA on matters of energy security, energy data and statistics, energy policy analysis, and benefit from priority access to IEA training and capacity-building activities.
With India’s inclusion, the IEA accounts for about 70 percent of the world’s energy consumption.