Trump unveils $200 billion South Korean investment in US; Seoul hedges on Alaska pipeline
LNG•Trump announced plans for South Korea to invest up to $200 billion in US projects, including $120 billion for eight nuclear reactors and $22.3 billion for a Texas gas power project. Seoul said no decision has been made on whether to invest in the proposed $54 billion Alaska LNG pipeline.
1. Investment announcement
Trump announced plans for South Korea to invest up to $200 billion in US projects, the first major projects under a broader $350 billion strategic investment package tied to a trade agreement. The package also includes $150 billion for shipbuilding. Trump said the investments would include eight nuclear power plants, a natural gas pipeline and a 6-gigawatt power facility in Texas.
2. Alaska project uncertain
South Korea confirmed plans to invest $120 billion to build eight nuclear reactors and $22.3 billion in a Texas gas power project serving AI data centers. Seoul said the Alaska LNG project would proceed only if commercial and legal conditions are met, and that no decision has been made on whether to invest or on the investment size. The proposed $54 billion pipeline project would carry gas from Alaska's North Slope to a liquefaction facility on the southern coast.
3. Project requirements
The Alaska project is designed to transport about 3.9 billion cubic feet of gas per day and produce up to 20 million metric tons of LNG annually. Developer Glenfarne said it has lined up commitments for 13 million tons a year and needs another 3 million tons to support a final investment decision and make commitments binding.
