US and South Korea Launch $22.3 Billion Texas Gas Power Project for AI Data Centers
- South Korea: Texas gas power project will supply 6.47 GW of electricity, with commercial operations expected by 2029
- South Korea: Annual US investment capped at $20 billion under a legally binding operating agreement
- Profit sharing on US investments will remain 50-50 until South Korea recoups the investment principal for individual projects
- Seoul and Washington will review the Alaska LNG pipeline and export terminal project, which will proceed only if commercial and legal conditions are met
- South Korea is seeking equity investments by Korean companies in Westinghouse