The broader energy pact incorporates $54 billion for a long stalled venture to build an 800 mile pipeline from Alaska's North Slope to an export terminal serving Asian markets. Other commitments include over $20 billion for a 6 GW gas fired power project in Texas to support AI data centers and a potential 5% to 10% South Korean stake in Westinghouse. The investment, announced alongside Commerce Secretary Howard Lutnick, arrives as Trump faces political pressure during the midterm elections in battleground states including Alaska.
Wednesday, October 21, 2026
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South Korea to Build 8 US Nuclear Plants in $200B Energy Deal
Business21 days ago
The White House is expanding a strategic energy agreement with Seoul to include the creation of several atomic power facilities across the United States. President Trump will announce on Wednesday that South Korea will fund eight nuclear reactors as part of a broader $200 billion investment package, a White House official said. The plan includes six Westinghouse AP1000 units and two South Korean APR1400 reactors, with each plant estimated to cost $15 billion.
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