U.S. presses South Korea to speed $350 billion investment plan as Alaska LNG enters talks

  • South Korea and the United States are discussing nuclear reactors and Texas gas-power facilities.
  • The potential energy package exceeds $100 billion, including about $20 billion for Texas gas power.
  • South Korea's trade ministry says U.S. investment details remain unfinalized.

South Korea and the United States are discussing more than $100 billion of potential energy investments, including up to eight nuclear reactors and a Texas natural-gas power project intended to support AI data centers. The Wall Street Journal reported that the package could be the first project under South Korea's $350 billion U.S. investment commitment from last year's bilateral trade agreement, with about $20 billion proposed for the Texas gas facilities and a possible initial $2 billion disbursement by month-end. The nuclear program would initially use Westinghouse's AP1000 reactor design, with some later units potentially adopting South Korea's APR1400 model. The White House said reports of agreements before official announcements should be treated as speculative, while South Korea's Ministry of Trade, Industry and Resources said investment details remain unfinalized. Industry Minister Kim Jung-kwan said negotiations would continue until final signing.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.