Korea and US Weigh $22.3 Billion Joint Investment in Encinal, Texas Gas Plant as First Trade Deal Project

South Korea and the United States are reported to be considering a joint investment of approximately $22.3 billion in a 6.3GW gas power plant in Encinal, Texas. The reports emerged around September 7-8, 2026, with the project cited as the first under the recently signed Korea-US trade agreement, which includes a $350 billion investment commitment […]