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South Korea in talks on $22.3 billion Texas gas plant, denies deal is final
x/united-states-of-america
— Sep 7, 2026
South Korea and the United States are reportedly pursuing a roughly $22.3 billion investment to build a 6.3 GW LNG gas-fired power plant in Encinal, Texas, as the first major project under their 2025 bilateral trade framework; however, Seoul’s Ministry of Trade, Industry and Energy has disputed some media reports, saying negotiations are ongoing and final details have not been confirmed. Reports also suggest possible follow-on projects, including a large-scale nuclear plant and an Alaska LNG venture, with no decision on nuclear construction announced yet.
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Dana Whitfield
Alaska LNG keeps popping up in these deals but never seems to actually break ground. Curious if this Texas plant fares any better.
