US President Donald Trump announces up to $200 billion in South Korean investments in US energy projects, including Alaska LNG, eight nuclear reactors, and a Texas gas-fired power plant.
US President Donald Trump has announced plans for South Korea to invest up to $200 billion in US energy projects, including a proposed liquefied natural gas (LNG) project in Alaska, eight nuclear power plants and a gas-fired power facility in Texas. The projects form part of a broader $350 billion strategic investment package agreed between Washington and Seoul.
Trump made the announcement at the White House, describing the projects as a major energy infrastructure investment. The package includes more than $50 billion for the Alaska LNG project, while around $120 billion is planned for eight nuclear reactors across the US. A separate $22.3 billion gas-fired power project in Texas is also included.
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The Alaska LNG project involves an approximately 1,300-kilometre pipeline connecting natural gas supplies from Alaska’s North Slope with an LNG export facility in southern Alaska. The project is designed to support domestic gas supply and exports to Asian markets. However, South Korean officials have said that investment in the project remains subject to commercial viability assessments and relevant domestic legal procedures.
South Korea’s trade ministry has clarified that no final decision has been made on whether to invest in the Alaska project or on the size of any potential investment. Seoul has confirmed the planned $22.3 billion Texas gas-fired power project, which is expected to generate about 6.47 gigawatts of electricity for co-located artificial intelligence data centres. Commercial operations are expected to begin in the early 2030s.
The nuclear component involves plans for eight large-scale reactors, with South Korea indicating an investment of about $120 billion. Two of the proposed reactors are expected to use South Korea’s APR-1400 design, although specific project details have not yet been finalised.
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The investments stem from a broader trade agreement under which South Korea committed $150 billion for US shipbuilding and another $200 billion for strategic investments. In return, Washington agreed to reduce tariffs on South Korean products, including automobiles and auto parts, from 25 percent to 15 percent.
The latest projects are intended to deepen US-South Korea economic and energy cooperation while supporting investment in nuclear power, natural gas infrastructure and electricity generation for energy-intensive industries such as AI data centres.