South Korea announced a $200 billion investment in U.S. energy projects, including the Alaska LNG pipeline, eight nuclear power plants, and a 6-gigawatt power generation facility in Texas. The investment is part of a broader $350 billion strategic package tied to a 2025 trade deal with Donald Trump.
The announcement comes as President Trump prepares to unveil the investment on September 30, 2026, ahead of midterm elections. The package includes $150 billion for shipbuilding and $200 billion for strategic investments, with the Alaska LNG project set to transport 3.9 billion cubic feet of natural gas per day.
The investment is intended to bolster U.S. energy exports and strengthen ties with allies, though South Korean lawmakers have raised concerns about the commercial viability and fiscal risks of the projects. The project faces uncertainty over financing and commercial viability, with commitments needed to secure funding.
South Korea’s investment could provide a potential source of financing for the Alaska LNG project, which has faced years of uncertainty. The project is designed to transport natural gas to Asian markets and is part of Trump’s broader effort to expand U.S. nuclear generation as electricity demand rises.