WASHINGTON –
U.S. President Donald Trump announced Wednesday $200 billion in South Korean energy investments, including $54 billion for a long-mooted Alaska liquefied natural gas project that Seoul said had yet to be decided on.
South Korea had previously agreed to invest $350 billion in the United States and increase purchases of U.S. energy under a July 2025 trade deal with Trump that set 15% tariffs on imports from the East Asian nation.
Besides the Alaska LNG project and pipeline, the Trump administration announced a $22.3 billion natural gas-fired power project in Texas that would be backed by South Korea.
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