It consists of 70 member countries, aiming to foster greater mutual understanding and awareness of common energy interests among its members.
- 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 the IEA and OPEC, but also Transit States and major players outside of their memberships, including Argentina, China, India, Mexico, Russia and South Africa.
- The IEF is the neutral facilitator of informal, open, informed and continuing global energy dialogue.
- The Forum's biennial Ministerial Meetings are the world's largest gathering of Energy Ministers.
- It is promoting the Asian Ministerial Energy Roundtable which is a biennial event bringing together Energy Ministers and experts from Asian countries.