Korea Picks $22 Billion Gas Project as First Under Trade Deal

Twenty-two billion for a Texas gas plant, and the real product is calming down an ally who felt slow-walked.

South Korea has identified a gas-fired power project in Texas as the first US investment under a trade deal agreed last year, a step that could help ease tensions between the two allies after months of friction over the pace of progress related to Seoul’s investment commitments.

Read it at Bloomberg Markets ↗

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