Trump set to announce $200bn in energy investments from South Korea

What the report says

US President Donald Trump is expected to announce about $200bn in energy-related investments from South Korea at the White House, according to Al Jazeera’s report published on September 30, 2026. The package includes $54bn for a liquefied natural gas project in Alaska, along with planned South Korean investments in nuclear power and a 6-gigawatt power generation facility in Texas.

The report says the Alaska project would involve a 1,300km gas pipeline linking the North Slope to an export terminal in southern Alaska. White House spokeswoman Taylor Rogers said the announcements are meant to advance Trump’s energy agenda and support what she described as a revival of American energy and nuclear development. The Alaska LNG project was also described by the White House as a long-delayed venture backed by Republican Senator Dan Sullivan, who faces a close reelection race.

Al Jazeera said the timing is politically significant because Trump is trying to highlight the Republican Party’s economic record ahead of the US midterm elections. The article also noted that the Texas project is set for Encinal, and that the state is another key Senate battleground. Democrats are trying to win control of Congress, while Republicans are defending several vulnerable seats.

The investments come from a broader $350bn trade-and-investment arrangement between the US and South Korea signed last year, under which South Korea committed to invest $200bn in strategic sectors in exchange for lower US tariffs on some imports. The report places the announcement against a backdrop of shifting US-South Korea relations and broader competition with China in the Asia-Pacific region.