Trump announces giant Seoul investment in Alaska gas project

US President Donald Trump announced the conclusion of major agreements with South Korea, providing for investments in the US economy in the amount of up to $200 billion. The American leader said this during a speech at the White House.

A significant part of the funds — 54 billion dollars — will be spent on the implementation of the project Alaska LNG. This initiative involves the extraction, transportation and liquefaction of natural gas in Alaska for subsequent export to Asian markets.

In addition to the gas industry, South Korean capital will affect other areas of energy, including the nuclear sector. The US media noted that the head of the White House did not specify a specific timeline for the implementation of these investment plans.