India has agreed to strengthen its co-operation in oil and gas security with the International Energy Agency (IEA). Vivek Kumar from India’s Ministry of Petroleum and Natural Gas (MPNG) signed a memorandum of understanding with IEA Executive Director Maria van der Hoeven in Paris yesterday.
The agreement follows the introduction of an emergency ‘hotline’ between the MPNG and the IEA earlier this year. It means that India will take part in IEA meetings on oil and gas, while the energy agency will share advice on emergency response measures to deal with disrupted oil supply.
India is one of the 28 IEA Partner countries. While it isn’t an IEA Member, it already works closely with the international group on oil and gas issues.