Trump to Unveil $200 Billion Investment in US Projects by S. Korea, White House Says
The plan would channel roughly $54 billion into Alaska LNG and add eight reactors and a Texas gas project, officials said.
- On Wednesday, President Donald Trump announced a $54 billion South Korean investment for an Alaska natural gas project, stating the plan delivers on his promise to "unleash American energy and unlock Alaska."
- The proposed 800-mile pipeline from the North Slope to Southcentral Alaska has faced decades of delays due to formidable costs; Glenfarne Alaska LNG executives say moving forward requires securing contracts and finalizing the state's tax structure.
- Becky Windt Pearson, head of Alaska legal affairs for Glenfarne, said the company will pursue a tax overhaul in the January legislative session, as previous efforts to pass property tax breaks failed this year amid lawmaker skepticism.
- South Korean officials recently indicated the project remains under review for commercial viability, while Glenfarne executives acknowledge a final investment decision is contingent on several pending steps, including legislative tax changes.
- Gov. Mike Dunleavy earlier this year sought legislative support for the project's tax relief, and the administration continues to prioritize the initiative, which Trump promised to advance via an executive order signed in January 2025.
195 Articles
195 Articles
Trump Unveils Up to $200bn South Korea Investment Plan Including Eight Large-Scale US Nuclear Power Plants
Donald Trump says South Korea will invest up to $200bn in US projects, including eight nuclear reactors and a Texas gas plant, while Alaska LNG participation remains subject to conditions.
Yesterday, US President Donald Trump announced a $200 billion South Korean investment in the US energy sector, including $54 billion for a liquefied natural gas project in Alaska, as well as plans to establish eight nuclear plants and a large natural gas power plant in Texas with the support of South Korea.
South Korea is investing nearly $200 billion in major energy projects in the United States, announced by American President Donald Trump in a joint statement with Trade Minister Howard Latnik in the White House.
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