Estonia officially joins the IEA

Estonia has today officially become the 29th member of the International Energy Agency (IEA). The EU nation has completed the final step towards full membership, including emergency oil stocks, the […]

By Priyanka Shrestha

Estonia has today officially become the 29th member of the International Energy Agency (IEA).

The EU nation has completed the final step towards full membership, including emergency oil stocks, the IEA said.

To meet a central requirement for full IEA membership, Estonia had to set aside emergency oil stocks equivalent to at least 90 days of the prior year’s net imports.

The IEA is an autonomous organisation which works to ensure reliable, affordable and clean energy for its member countries and beyond.

Executive Director Maria van der Hoeven said the IEA is “delighted” to welcome Estonia into the organisation.

She added: “Estonia, like the IEA and its member countries, prizes energy security, economic development and sustainability. The country has made remarkable progress in transforming its energy sector and there is every reason to expect that this successful process will continue and be reinforced through IEA membership.”