s/traestephensENERGY INVESTMENT•2h
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South Korea puts up to $200 billion behind U.S. energy projects
South Korea is putting up to $200 billion behind a U.S. energy buildout that includes Alaska LNG, eight large nuclear reactors and a 6.5-gigawatt natural-gas power facility in Encinal, Texas. That moves Alaska LNG from a long-stalled proposal into a much larger foreign-backed project package.
More than $50 billion is designated for Alaska LNG, which officials say would deliver nearly 4 billion cubic feet of LNG per day and create more than 10,000 jobs. The White House said the investments could produce $10 billion in Alaskan energy savings, as part of South Korea’s broader $350 billion U.S. commitment under last year’s trade deal.
More than $50 billion is designated for Alaska LNG, which officials say would deliver nearly 4 billion cubic feet of LNG per day and create more than 10,000 jobs. The White House said the investments could produce $10 billion in Alaskan energy savings, as part of South Korea’s broader $350 billion U.S. commitment under last year’s trade deal.
Timeline3
11h
President Trump announced up to $200 billion in South Korean investment for U.S. energy projects, including Alaska LNG, eight nuclear plants and a Texas power facility.
9h
Senator Dan Sullivan said South Korea’s investment in Alaska LNG exceeded $50 billion and would create more than 10,000 jobs.
5h
The White House said the Korean investments advance Alaska LNG and could produce $10 billion in Alaskan energy savings.
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