According to the IEA's existing framework, only members of the OECD (Organisation for Economic Co-operation and Development) can become full members of the agency
An increasing partnership between India and the International Energy Agency (IEA) could soon yield a full-member status for India, IEA's executive director Fatih Birol said on Wednesday.
"We hope that after this signing ceremony, the potential pathways to eventual membership will be closely looked into from both sides — New Delhi and member countries," Birol said while speaking at the signing of a strategic partnership between India and IEA.
"I look forward to working closely with India, as we finalise the details of the strategic partnership, and hopefully together pave the way to an eventual membership," he further added.
"Along with the development and nurturing our nascent strategic partnership, we also aim to reinforce our existing cooperation developed through association with the IEA members to consolidate the cooperative activities with India and reflect on potential paths to eventual IEA membership," said Sanjiv Sahai, secretary, Ministry of Power.
However, according to the IEA's existing framework, only members of the OECD (Organisation for Economic Co-operation and Development) can become full members of the agency.
In 2017, India had joined as an associate member of the international body. Other associate members include China and Brazil.
The Paris-based IEA currently has 30 members, and was created as a response to the oil crisis of 1973-74. It advises its member countries on issues related to energy security and economic development.