Key facts
- Iran has proposed the establishment of an energy consortium among Shanghai Cooperation Organisation (SCO) members.
- The proposal aims to improve coordination of energy supply and demand across the bloc.
- A draft statute for the consortium was submitted during a meeting of SCO energy ministers in Moscow.
- Iran also called for the synchronization of electricity grids among SCO members to address power shortages.
- The proposal was previously raised in 2024 and has received positive responses from member states.
Iran has proposed the creation of an energy consortium among members of the Shanghai Cooperation Organisation (SCO) to enhance coordination of energy supply and demand. The proposal, including a draft statute, was submitted by Iranian deputy energy minister Mostafa Rajabi during a meeting of SCO energy ministers in Moscow. Iran hopes the proposal will be considered at the organization's next leaders' summit.
