Trump Announces $200 Billion South Korean Energy Deal Ahead of US Midterms
At a White House event on Wednesday, President Donald Trump announced a $200 billion energy deal with South Korea, part of a July 2025 trade agreement in which South Korea committed to invest $350 billion in the United States and increase purchases of US energy. The deal includes the Alaska LNG project and pipeline, nuclear plants, and a $22.3 billion natural gas-fired power project in Texas supported by Seoul. Trump, joined by energy industry executives, said the investments would secure critical energy supply chains, ensure American energy dominance, and strengthen partnerships with South Korea and the Pacific region. The announcement comes ahead of US midterm elections.
Key facts
- South Korea agreed to invest $350 billion in the US as part of a July 2025 trade deal with Trump.
- The deal includes a $200 billion energy package announced by Trump.
- South Korea will boost purchases of US energy.
- The Alaska LNG project and pipeline are part of the deal.
- Nuclear plants are included in the agreement.
- A $22.3 billion natural gas-fired power project in Texas will be supported by Seoul.
- Trump announced the deal at a White House event on Wednesday.
- Trump stated the investments aim to secure critical energy supply chains and ensure American energy dominance.
Entities
Artists
- Donald Trump
Institutions
- Associated Press
Locations
- South Korea
- United States
- Alaska
- Texas
- Pacific region
- Washington
- Seoul
Sources
- SCMP Culture —
- Quartz —