Today, Energy Secretary Rick Perry joined Secretary of State Michael Pompeo, Commerce Secretary Wilbur Ross, and other members of the Trump Administration at the Indo-Pacific Business Forum in Washington, D.C. to underscore America’s commitment to strengthen economic engagement and energy security in the Indo-Pacific region. The United States is a global energy leader and can help Indo-Pacific countries meet their needs for conventional and new, lower-emission energy. A new effort called Asia EDGE – Enhancing Development and Growth through Energy aims to achieve this by:
- Expanding energy commerce by growing foreign energy markets, expanding public-private partnerships, and fostering business-to-business connections.
- Advancing market-based energy policies and market reforms by helping partner governments set transparent, market-based, best-value energy policies.
- Catalyzing private capital for the financing of export and investment projects by partnering with international financial institutions and firms on pooled finance, insurance, and risk mitigation
- Promoting universal access to affordable, secure and reliable energy supplies by tapping America’s vast natural resources and technical expertise.
Here are other recent examples of how the U.S. is collaborating with Indo-Pacific countries on energy:
1. Establishing new energy partnerships.
The Trump Administration has established Strategic Energy Partnerships respectively with Australia, India and Japan. These efforts, and others like them, are connecting our respective private sectors, promoting regional infrastructure and energy cooperation, and opening up new energy markets.
2. Supporting natural gas in India.
Secretary Perry traveled to India in April to launch both the U.S.-India Strategic Energy Partnership, and the U.S.-India Gas Task Force, which brings together U.S. and Indian industry to accelerate the role of natural gas in India’s economy.
3. Fostering dialogue on energy trade.
In June, Secretary Perry hosted and led a discussion at an APEC Energy Ministers-CEO Dialogue during the World Gas Conference in Washington, DC. Regional leaders and senior corporate representatives exchanged views on the challenges to and opportunities for trade and investment in LNG across the Asia-Pacific.
4. Expanding LNG export capabilities.
Last week, Secretary Perry and dignitaries from India and Japan participated in the dedication of Dominion Cove Point LNG Port, the second operational U.S. LNG export facility. The Indo-Pacific region has big potential for U.S. energy and energy-related exports, especially LNG. The United States will account for nearly three quarters of the world LNG export growth between now and 2023.
5. Strengthening nuclear energy cooperation.
The Energy Department is also promoting greater commercial cooperation in nuclear energy in the Indo-Pacific region. Deputy Secretary Dan Brouillette will travel to Japan in August to lead a delegation to the U.S.-Japan Bilateral Industry Forum on Nuclear Facility Decommissioning.