Shafaqna English– According to South Korean outlet Edaily, which cited unnamed officials and politicians, Seoul and Washington have reportedly reached an agreement on the size of South Korea’s planned investment in a Texas gas project at roughly $22.3 billion.
The proposed 6.3‑gigawatt plant in Encinal is intended to supply the growing electricity needs of AI data centers. This investment would mark Seoul’s first concrete move under last year’s bilateral trade deal, under which South Korea pledged a total of $350 billion in U.S. investments in return for favorable U.S. tariff treatment on its exports.
However, the reports did not clarify whether Seoul would bear the full cost of the Texas project alone. Separately, South Korea is also said to be evaluating other large‑scale U.S. ventures, including a nuclear power plant or an LNG project in Alaska.
Yet the country’s Industry Ministry quickly pushed back, calling the reports inaccurate and stressing that bilateral consultations are still in progress, making it premature to confirm specific figures or timelines. The ministry added that any official announcement would only come after negotiations conclude and required procedures—such as parliamentary approval—are completed. In a separate statement, it also clarified that no decision has been made regarding a nuclear power plant in the United States.
Source: Reuters