Trump touts US$200 billion South Korean energy deal ahead of US midterms

US President Donald Trump announced $200 billion in energy investments from South Korea. These investments include $54 billion for a liquefied natural gas project in Alaska and over $100 billion for planned nuclear power projects. Additionally, a $22.3 billion natural gas-fired power project in Texas will receive support from Seoul. The announcement comes ahead of the US midterm elections.

President Trump is expected to announce $200 billion in energy investments from South Korea, with $54 billion designated for a liquefied natural gas (LNG) project in Alaska. This announcement, anticipated from the White House, aims to highlight the Republican Party's economic record ahead of the US midterm elections. The investments are part of a larger $350 billion trade and investment deal signed last November. The Alaska project involves a natural gas pipeline and export terminal, while other investments include South Korean participation in nuclear power plants and a power generation facility in Texas. These announcements come amidst shifting Asia Pacific relations and a desire by the Trump administration to forge new trade deals.