Commodities

Trump announces $200 billion South Korean investment in US nuclear, LNG and gas power

US President Donald Trump announced a deal for South Korea to invest $200 billion in US nuclear power, LNG production and gas-fired generation.

The market effect is likely to be long-term rather than immediate, since building reactors takes years and the Alaska LNG project still needs binding financing. Still, the announcement underscores that energy and power generation remain a US policy priority.

For beginners Large cross-border investment deals in energy rarely move commodity prices right away — the effect unfolds gradually, over years of construction and the eventual start-up of new capacity.