President Trump announced on September 30, 2026 that South Korea will invest “up to $200 billion” in U.S. energy projects — which he called “one of the largest energy infrastructure investments in American history.”
The package, announced in the Oval Office, includes a six-gigawatt power generation facility in Texas (“That’s a major plant. That’s about as big as you’ll see.”), eight new large-scale nuclear power plants, and “at long last, Alaska liquefied natural gas pipeline.”
Notably, Seoul hedged on the Alaska LNG element: South Korea’s trade ministry said the two sides agreed only to begin reviewing the project, subject to commercial reasonableness — no firm commitment.
Transcript: “Today, we’re thrilled to announce one of the largest energy infrastructure investments in American history. Thanks to the agreements my administration has secured with the Republic of Korea, they will invest up to $200 billion — that’s the Korean government — $200 billion to build a six-gigawatt power generation facility in Texas. That’s a major plant. That’s about as big as you’ll see. Eight new large-scale nuclear power plants and, at long last, Alaska liquefied natural gas pipeline. That’s a big one, and that’s why we have a lot of people from Alaska, including a very great governor and your great senator, Dan Sullivan.”
Footage: The White House — public domain (17 U.S.C. §105).