LNG is natural gas converted to liquid form at -162°C. Takes up 600 times less volume than standard gas. Used for long-distance transportation without pipelines
Founded in 1974 as autonomous intergovernmental organization under OECD. Currently has 31 member countries and 13 association countries. Members must hold 90 days of oil imports as emergency stocks. Fatih Birol serves as current executive director since 2015
Global carbon emissions continue to rise at 0.8% annually since 2019. Energy demand grew at 1% annually between 2019-2023. Investment in low carbon energy reached $1.9 trillion in 2023. Energy efficiency improvements have fallen by 1% annually
Various countries have developed integrated energy security indicators. IEA released multiple energy outlook reports from 2007 to 2020. MOSES model assesses short-term energy security in primary and secondary fuels
IEA was established in 1974 to address 1973-1974 oil crisis. Comprises 29 industrialized countries under OECD. Includes non-member countries like Brazil, China, India, and South Africa
IEA has been managing energy security for 50 years. Agency monitors geopolitical risks, cyberattacks and extreme weather. 2025 London Summit will address energy security challenges