The government is reportedly reviewing a project to build a liquefied natural gas (LNG) export terminal in Louisiana as the first Korea-to-U.S. investment project, as of the 5th. Samil PwC and Kim & Chang are said to be assessing the project's feasibility.
If the project's feasibility is confirmed, it will be finalized through talks with the United States and then proceed to final approval by President Donald Trump. If the investment is confirmed, the government will cover part of the project cost using a Korea-to-U.S. investment fund.
The Louisiana project is an effort to build large-scale infrastructure to liquefy natural gas produced around the U.S. southern Gulf of Mexico and export it worldwide, including to Europe and Asia. Multiple construction projects are underway simultaneously. The United States is said to have requested investment from Korea from the outset of talks on Korea-to-U.S. investment.
Kim Jung-kwan, Minister of the Ministry of Trade, Industry and Resources, is scheduled to meet Howard Lutnick, secretary of commerce, and others in Washington, D.C., on the 6th to hold consultations on strategic investments between Korea and the United States.