Trump: Korea to Pour USD200B Into US Nuclear, LNG, Gas Projects
In a post on Truth Social, Trump said the commitments were struck during his recent meeting with South Korean President Lee Jae Myung in New York, held on the sidelines of the UN General Assembly.
The largest piece is a $120 billion nuclear power program to construct eight large-scale reactors on US soil. Trump said it falls under the $350 billion Korea Strategic Trade and Investment Deal he reached with Lee last year, along with the rest of the package.
Washington and Seoul also agreed to work together on a $50 billion Alaska LNG project, which Trump said "will deliver transformational change for the People of Alaska."
The package further includes a $22 billion, 6.4-gigawatt natural gas-fired power project in Encinal, Texas, the president said.
"These Deals are driven by our Trade Deals," he said. "We are turning Korea’s Investment commitments into HUGE Construction Projects, and tens of thousands of AMERICAN JOBS."
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
