South Korea is considering investing approximately US$19.8 billion to build a liquefied natural gas combined cycle power plant in Encinar, Texas. This is the first project that South Korea has promised to invest in the US under a trade agreement. The plant will have 6.3 gigawatts of generating capacity, and officials believe a stable business model and supplying power to nearby data centers are key reasons for choosing the project.

South Korea is considering investing approximately US$19.8 billion to build a liquefied natural gas combined cycle power plant in Encinar, Texas. This is the first project that South Korea has promised to invest in the US under a trade agreement. The plant will have 6.3 gigawatts of generating capacity, and officials believe a stable business model and supplying power to nearby data centers are key reasons for choosing the project.