South Korea invests $200B in US energy
U.S. President Donald Trump announced South Korean investments worth $200 billion in the energy sector in the United States. These include $54 billion for a liquefied natural gas (LNG) project in Alaska and an 800-mile pipeline to transport gas from Alaska to an LNG plant near Anchorage, paving the way for export to Asia. The investments also involve the construction of eight new nuclear power plants and a gas-fired power plant in Texas, with support from the South Korean government. These plans are part of a trade agreement between the United States and South Korea aimed at strengthening cooperation and investment in the energy sector.
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