LNG Glut referred to in above article


Always check who is writing articles but always great to see comparative data



https://www.iea.org/reports/world-energy-outlook-2024/executive-summary


The website the article is from


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At the heart of global dialogue on energy

The IEA is at the heart of global dialogue on energy, providing authoritative analysis, data, policy recommendations, and real-world solutions to help countries provide secure and sustainable energy for all.

The IEA was created in 1974 to help co-ordinate a collective response to major disruptions in the supply of oil. While oil security remains a key aspect of our work, the IEA has evolved and expanded significantly since its foundation.

Taking an all-fuels, all-technology approach, the IEA recommends policies that enhance the reliability, affordability and sustainability of energy. It examines the full spectrum issues including renewables, oil, gas and coal supply and demand, energy efficiency, clean energy technologies, electricity systems and markets, access to energy, demand-side management, and much more.

Since 2015, the IEA has opened its doors to major emerging countries to expand its global impact, and deepen cooperation in energy security, data and statistics, energy policy analysis, energy efficiency, and the growing use of clean energy technologies.

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The IEA family is made up of 32 Member countries, 13 Association countries, and 4 Accession countries seeking IEA membership

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Last updated
6 Dec 2024

The IEA is made up of 32 Member countries. In addition, thanks to its successful open door policy to emerging countries, the IEA family also includes thirteen Association countries. Four countries are currently seeking IEA membership: Chile, Colombia, Israel and Costa Rica.

Criteria for membership

A candidate country to the IEA must be a member country of the OECD. In addition, it must demonstrate several requirements. These are:

• Crude oil and/or product reserves equivalent to 90 days of the previous year’s net imports, to which the government has immediate access (even if it does not own them directly) and could be used to address disruptions to global oil supply;
• A demand restraint programme to reduce national oil consumption by up to 10%;
• Legislation and organisation to operate the Co-ordinated Emergency Response Measures (CERM) on a national basis;
• Legislation and measures to ensure that all oil companies under its jurisdiction report information upon request;
• Measures in place to ensure the capability of contributing its share of an IEA collective action. An IEA collective action would be initiated in response to a significant global oil supply disruption and would involve IEA Member Countries making additional volumes of crude and/or product available to the global market (either through increasing supply or reducing demand), with each country’s share based on national consumption as part of the IEA total oil consumption.

The IEA Executive Director must make a finding to ascertain whether a potential member country can meet these requirements, during which the IEA Secretariat advises and works with the candidate country to advance the accession process. The IEA Governing Board makes the final decision on a country’s membership.

Member country desk officers

• Kieran MCNAMARA, +33 1 40 57 67 88 (Australia, Austria, Denmark, France, Hungary, Ireland, Italy, Korea, Portugal, Slovak Republic, Türkiye)
• Divya REDDY, +33 1 40 57 67 59 (Canada, Germany, Latvia, New Zealand, Norway, Spain, Sweden, United Kingdom, United States)
• Oskar KVARNSTROM, +33 40 57 66 09 (Belgium, Czech Republic, Estonia, Finland, Greece, Luxembourg, Mexico, The Netherlands, Poland, Japan, Switzerland, Lithuania)

For any question on our work on specific member countries, feel free to email us at the following address: [email protected].