Trump touts US$200 billion South Korean energy deal ahead of US midterms
US President Donald Trump has announced US$200 billion in energy investments from South Korea, including US$54 billion towards a long-discussed liquefied natural gas project in Alaska and more than US$100 billion in planned longer-term nuclear power investments. Besides the Alaska LNG project and pipeline and the nuclear plants, the Trump administration announced a US$22.3 billion natural…
US President Donald Trump has announced a US$200 billion energy investment from South Korea, which includes US$54 billion towards a natural gas project in Alaska and over US$100 billion in nuclear power investments. In addition to the Alaska LNG project and pipeline, the Trump administration revealed a US$22.3 billion natural gas-fired power project in Texas, which will be backed by Seoul.
The president emphasized that this massive investment package aims to secure the nation's critical energy supply chain, ensure American energy dominance, and strengthen the partnership between the US and South Korea and the broader Pacific region. This announcement comes amid voter dissatisfaction with the cost of living and Trump's handling of the US economy, which may impact his party's chances in the November midterm elections.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
