South Korea Unveils 0 Billion U.S. Energy Investment Plan

South Korea Unveils $350 Billion U.S. Energy Investment Plan

South Korea reveals major energy projects in the U.S., including a $22.3B Texas plant and Alaska LNG plans, as part of a $350B investment deal.

Editorial Desk

October 1, 2026 One Min Read

POLICY WIRE — Seoul, South Korea — South Korea has officially announced detailed plans for three significant energy projects in the United States, as part of a broader $350 billion investment initiative aimed at securing favorable trade terms with Washington.

The initiatives include a $22.3 billion gas-fired power plant in Encinal, Texas, which will supply electricity to artificial intelligence data centers. Commercial operations are expected to begin in 2029, according to the South Korean government.

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Additionally, Seoul has committed to investing $120 billion to construct eight nuclear reactors in the U.S., including two based on its APR-1400 design. A separate proposal for an Alaska liquefied natural gas (LNG) export terminal and pipeline system is also under review, pending commercial and legal approvals. The agreement includes a cap of $20 billion in annual investments, with profits shared equally between the U.S. and South Korea until the latter recovers its initial capital across all projects.

Reporting by Policy-Wire (PW)

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