Energy security

Reliable, affordable access to all fuels and energy sources

The IEA conducts analysis on current and future risks for oil supply disruption, emerging gas security challenges, and increasing system flexibility and resilience of the electricity sector.

Oil security

IEA total oil stocks, end-August 2019

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One of the IEA's core activities is ensuring the security of oil supplies by setting stockholding requirements for member countries

In accordance with the Agreement on an International Energy Programme, each IEA country has an obligation to hold emergency oil stocks equivalent to at least 90 days of net oil imports. In case of a severe oil supply disruption, IEA members may decide to release these stocks to the market as part of a collective action.

Oil and gas trade volumes via major chokepoints in the Stated Policies Scenario, 2018-2040

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Growing trade volumes and rising geopolitical risks surrounding key choke points in oil markets highlight the need for policy makers to keep a close watch on oil security

By 2040, nearly 26 mb/d of oil passes through the Strait of Malacca in the Stated Policies Scenario and around 20 mb/d through the Strait of Hormuz. Any impediment to shipments could materially tighten markets. Emergency oil stocks continue to play an important role in helping to weather potential disruptions.
Our work on energy security

The IEA defines energy security as the uninterrupted availability of energy sources at an affordable price. Energy security has many aspects: long-term energy security mainly deals with timely investments to supply energy in line with economic developments and environmental needs. On the other hand, short-term energy security focuses on the ability of the energy system to react promptly to sudden changes in the supply-demand balance.