The 70 Member Countries of the Forum are signatories to the IEF Charter,which outlines the framework of the global energy dialogue through this inter-governmental arrangement.
Covering all six continents and accounting for around 90% of global supply and demand for oil and gas, the IEF is unique in that it comprises not only consuming and producing countries of theIEA and OPEC, but also Transit States and major players outside of their memberships, including Argentina, China, India, Mexico, Russia and South Africa. Sitting alongside other important developed and developing economies on the 31 strong IEF Executive Board these key nations are active supporters of the global energy dialogue through the IEF.
The IEF is the neutral facilitator of informal, open, informed and continuing global energy dialogue. Recognising their interdependence in the field of energy, the member countries of the IEF co-operate under the neutral framework of the Forum to foster greater mutual understanding and awareness of common energy interests in order to ensure global energy security.
In July 1991.