HEY, BIG SPENDER: South Korea to invest up to $200B in Alaska LNG pipeline, US power plants, Trump announces.
The investment also includes a natural gas plant in Texas and eight new nuclear power plants across the country, Trump said during remarks in the Oval Office.
Trump said the deal came as part of a trade agreement between South Korea and the U.S. in which the U.S. would lower the Asian country’s tariff rate to 15 percent in exchange for hundreds of billions of dollars in investment.
Trump particularly touted the Alaska pipeline investment, known as Alaska LNG because it would transport liquefied natural gas, as allowing the U.S. to export more gas.
“The United States is already the largest natural gas producer and exporter in the world, and this pipeline will help us expand those exports even further,” he said.
Energy dominance, indeed.