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SKorea eyes $22.3B Texas gas plant for AI boom
7 Sep
Summary
- South Korea plans $22.3 billion investment in Texas gas project.
- The project aims to build a 6.3-gigawatt gas plant in Encinal, Texas.
- This investment supports rising power demand for AI data centers.
South Korea is poised to invest approximately $22.3 billion in a major gas project in Texas, as reported on Monday. This significant financial commitment is earmarked for the development of a 6.3-gigawatt gas plant situated in Encinal, Texas. The facility is intended to bolster power supply to meet the burgeoning demand from artificial intelligence data centers.
This planned investment represents a key component of a trade agreement established last year between South Korea and the United States. Under this accord, Seoul committed to substantial U.S. investments in exchange for preferential tariff treatment on its exports. While the specifics of Seoul's total contribution to the Texas project remain undisclosed, the nation is also exploring other potential energy infrastructure ventures within the U.S., including nuclear and liquefied natural gas projects.
