Trump announces $200 billion South Korean investment in US nuclear, LNG and gas power

This is a long-dated signal rather than an immediate shift in supply or demand, since reactors take years to build and the Alaska LNG scheme still needs binding financing, so the near-term effect on oil and gas prices is likely to be limited. It does reinforce US energy and power as a policy priority, which may support sentiment towards nuclear, LNG and power-equipment names, and towards the Asian buyers already lining up for Alaskan gas. The Texas plant's link to chip plants and data centres underlines how much power demand is being driven by technology. Energy prices remain elevated after the Iran conflict, but the package is a promise rather than a funded delivery schedule, so markets will want detail on financing, timelines and which companies are involved. ---Trump has unveiled $200 billion of South Korean-backed US energy projects spanning nuclear, Alaskan LNG and Texas gas power, but questions over viability and financing remain. Summary: Trump said the US and South Korea will launch $200 billion of new US investments after he met President Lee Jae-myung in New York. The plan builds on the $350 billion trade agreement reached last year, of which $150 billion is earmarked for shipbuilding, according to the Korea Times. The first project is a $120 billion program for eight large reactors, six Westinghouse AP1000 units and two South Korean APR-1400 units. The second is an Alaskan LNG project that Trump put at $50 billion, with an 807-mile pipeline and about 20 million tonnes a year of LNG for Asian buyers, according to the Korea Times. The third is a $22 billion gas-fired plant of about 6.4 gigawatts in Encinal, Texas, which is set to supply chip plants and data centres. South Korean opposition lawmakers have questioned the commercial viability of the projects, and financing for Alaska LNG is not yet binding. US President Donald Trump said the United States and South Korea will launch $200 billion of new investments in US energy projects, announcing three major