Sec. 5. Energy infrastructure project support
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The Secretary of State, in consultation with the Secretary of Energy, the heads of other relevant United States agencies, and energy-importing allies and partners of the United States, shall, as appropriate, prioritize and expedite the efforts of the Department of State, the Department of Energy, and such other agencies in supporting the governments of Japan, India, Australia, and other like-minded Indo-Pacific countries (including member countries of ASEAN and the Republic of Korea) to increase their energy security and reduce energy emissions, including through— providing diplomatic and political support to those governments, as necessary— to facilitate international negotiations concerning cross-border infrastructure; to enhance the regulatory environment with respect to energy projects in the Indo-Pacific region; and to develop accessible, transparent, and competitive energy markets supplied by diverse sources, types, and routes of energy; and providing support— to improve energy markets in the Indo-Pacific region, including early-stage project support and late-stage project support for the construction or improvement of energy projects and related infrastructure pertaining to emissions reduction; to diversify the energy sources and supply routes of Indo-Pacific countries; and to enhance energy market integration across the region.
The Secretary of State, the Secretary of Commerce, and the Secretary of Energy shall identify energy infrastructure projects that would be appropriate for United States assistance under this section. A project is eligible for United States assistance under this section if the project— has been identified by the Secretary of State, the Secretary of Commerce, and the Secretary of Energy as promoting energy security in the Indo-Pacific region or the country in which the project is located; promotes the reduction of greenhouse gas and carbon dioxide emissions; and is located in an Indo-Pacific country.
In selecting projects for United States assistance under this section, the Secretary of State, the Secretary of Commerce, and the Secretary of Energy shall give preference to projects that— are expected to enhance energy market integration; or have the potential to use goods and services of the United States, another Quad country, a member country of ASEAN, or the Republic of Korea, during project implementation. The Secretary of State shall provide diplomatic and political support to the governments of Japan, India, Australia, and other like-minded Indo-Pacific countries (including member countries of ASEAN and the Republic of Korea), as necessary, including by using the diplomatic and political influence and expertise of the Department of State to build the capacity of those countries to resolve any impediments to the development of projects selected under subsection (b).
The Director of the Trade and Development Agency shall provide early-stage project support with respect to projects selected under subsection (b).