Trump Administration Announces Deals Totaling $56 Billion During Indo-Pacific Energy Security Summit

Secretary of the Interior and Chair of the National Energy Dominance Council (NEDC) Doug Burgum, along with Environmental Protection Agency Administrator Lee Zeldin, President and Chair of the United States Export-Import Bank John Jovanovic, NEDC Director Jarrod Agen, and United States Trade and Development Agency Deputy Director Thomas Hardy, convened Indo-Pacific leaders from 17 countries to announce historic investments in energy infrastructure, critical minerals, and advanced technologies. 

The Indo-Pacific Energy Security Ministerial and Business Forum (IPEM) catalyzed over $56 billion in private sector commitments that will create good-paying American jobs and secure critical energy supply chains. The transformational investments in U.S. projects support President Donald J. Trump’s broader energy dominance agenda, which has made the United States the world’s unrivaled energy superpower—ensuring all Americans have access to affordable, reliable, and secure energy.

AMERICAN ENERGY DOMINANCE POWERS SECURITY AND GROWTH

Liquefied Natural Gas (LNG) Expansion

• Venture Global closed a $8.6 billion Final Investment Decision for the CP2 LNG facility in Louisiana, representing one of the largest energy infrastructure investments in U.S. history and securing long-term American natural gas exports to Indo-Pacific allies. This FID brings the project’s total financing to $20.7 billion
• Venture Global and Hanwha Aerospace executed a binding 20-year Sales and Purchase Agreement for 1.5 million tonnes per annum of U.S. LNG starting in 2030, valued at approximately $10 billion.
• The Export-Import Bank of the United States has issued a detailed term sheet for the $14 billion Delfin LNG Project, the first offshore LNG export project in the United States—a floating facility off Louisiana with capacity of about 13 million metric tons annually serving markets such as Japan and South Korea—in partnership with companies including Delfin Midstream, Mitsui O.S.K. Lines, Samsung Heavy Industries, Hanwha Asset Management, and Korea Overseas Infrastructure & Urban Development Corporation. 

Nuclear Energy Leadership

• X-Energy and Doosan Enerbility signed a binding agreement to manufacture 16 main power systems for X-energy's Xe-100 small modular reactor (SMR). As part of the agreement, Doosan also committed to construct the world's first dedicated SMR fabrication facility, which will support X-energy’s 11 GW commercial pipeline equivalent to 144 advanced reactors.
• New Korean partners joined DL Engineering and Construction and Doosan Enerbility as strategic investors in X-Energy's $700 million Series D financing round, bringing X-energy’s total private capital raised to $1.8 billion. This complements $1.26 billion in U.S. Department of Energy funding awarded to X-energy during President Trump's first term.
• Holtec International, Mitsubishi Electric, and Hyundai Engineering & Construction entered a Memorandum of Understanding to jointly deliver the first two SMR-300 units, Pioneer 1&2, at Holtec’s Palisades nuclear site in Michigan and to develop and deploy SMR-300 projects across the Indo-Pacific region through the trilateral cooperation.
• GE Vernova and Hitachi agree to collaborate to analyze and advance market development and commercial opportunities for deployment of the BWRX 300 in Southeast Asia. The collaboration includes good-faith efforts to support a resilient and diversified supply chain by exploring opportunities to incorporate qualified Japanese suppliers into SMR projects, where commercially and technically appropriate, through information sharing, supplier evaluation, and engagement with relevant project stakeholders.
• aExIm Bank approved two Letters of Interest totaling $5 billion for General Matter, a U.S. nuclear fuel company developing domestic uranium enrichment capacity to produce low-enriched uranium and high-assay low-enriched uranium (HALEU) for advanced reactors serving Japanese and South Korean utilities.
• X-Energy and IHI Corporation signed a Memorandum of Understanding to expand X-Energy's supplier base for safety-critical, long-lead components of the Xe-100 as X-Energy scales its supply chain to meet the needs of its 144-unit commercial orderbook. The U.S. Trade and Development Agency (USTDA) announced funding to bring Indo-Pacific energy leaders from India, Malaysia, Thailand, and Vietnam to the United States to view advanced U.S. small modular and microreactor nuclear technologies. These visits will help match regional needs with U.S. solutions and open key markets for American industry.

American “Big Beautiful Coal” Power Resurgence

• Terra Energy Center reached a $1 billion agreement in principle with Hyundai Heavy Industries Power Systems to provide large-scale coal power plant boilers for a 1.25 GW project in Alaska—the first order of utility-scale coal power plant boilers in the United States since approximately 2006.
• KOREIT, one of Korea's largest infrastructure private equity firms, committed $500 million as an equity investment in the Terra Energy Center coal power plant project.
  Critical Minerals and Supply Chain Security
• ExIm Bank approved a detailed term sheet for $550 million for Mesabi Metallics, owned by Essar Group, an Indian conglomerate. ExIm support will unlock up to $10 billion towards an integrated iron ore mining and processing project on Minnesota's Mesabi Iron Range designed to produce 7 million tons of high-grade direct-reduction iron ore pellets for modern steelmaking.
• Nth Cycle and Trafigura announced a $1.1 billion long-term offtake agreement supporting a new U.S. black mass refining facility to secure allied supply of nickel MHP and lithium, reducing reliance on China for critical minerals used in military equipment and defense installations.
• X-Energy signed a $40 million binding contract with Toyo Tanso for nuclear-grade graphite components for the first four Xe-100 reactors deploying in Texas, marking a significant milestone in U.S.-Japan allied SMR supply chains.
• ExIm Bank issued a detailed term sheet for $550 million in funding for RZ Resources' Copi Project to produce titanium and other critical mineral feedstocks for U.S. aerospace and defense manufacturing, demonstrating a trusted U.S.-Australia supply chain.
• The United States and South Korea are exploring a Critical Minerals Memorandum of Understanding through the Department of Energy to formalize cooperation on critical minerals supply chain resilience.
• Tesla and LG Energy Solution are expanding their partnership with a supply agreement to build a $4.3 billion LFP prismatic battery cell manufacturing facility in Lansing, Michigan, launching production in 2027. American-made cells will power Tesla's Megapack 3 energy storage systems produced in Houston, creating a robust domestic battery supply chain.
• USTDA awarded a grant to PT Geo Dipa Energi supporting a pilot project to assess viability of U.S. ion-exchange technology from Lilac Solutions. The pilot and commercial project will extract lithium from geothermal brine at the Dieng geothermal field in Central Java, producing lithium carbonate for battery manufacturing across energy, defense, and digital technologies, helping diversify supply chains with a U.S. ally.

Fuel Technologies

• JERA and Mitsui are partnering with CF Industries on construction of Blue Point No. 1, a blue ammonia production facility in Louisiana scheduled to begin operations in 2029, which is expected to supply blue ammonia globally, including to Japan, with support from Japanese government programs. The total project cost is approximately 3.7 billion, of which CF Industries will invest 40%, JERA will invest 35%, and Mitsui will invest 25%.
• Aymium and Hanwa will sign an MOU plan to sign definitive agreements in April, with a combined value of over $500 million, for the construction of a new production facility in the U.S. and long-term offtake agreements. The new facility, projected to start up in 2027, will use agricultural wastes to produce >1 million MWh of reliable electrical power in the U.S. and provide chemical and energy inputs for steel production, which will be exported by Hanwa for use in Japan.

STRENGTHENING INDO-PACIFIC PARTNERSHIPS AND INVESTMENT

Finance Corporation

• The U.S. Trade and Development Agency (USTDA) and Japan Bank for International Cooperation (JBIC) signed a Memorandum of Cooperation (MOC) to strengthen financing support for critical infrastructure in emerging markets, including energy and power infrastructure, with a focus on liquefied natural gas and small modular reactors. The MOC also emphasizes transportation and logistics, resilient supply chains, and critical minerals, unlocking millions in infrastructure financing.

Australia Energy Development

• Tamboran Resources is executing a $200 million transformational acquisition of Falcon Oil & Gas, becoming the largest operator in the Beetaloo Basin in Northern Australia. The Beetaloo Basin is estimated to have over 500 trillion cubic feet of discovered and potential gas resources. First gas sales are expected in under six months, with production scaling to over 1 Bcf/d by 2029 to address Australia's energy security and support U.S. military energy needs across the Asia-Pacific region.

INVESTMENT TOTALS

The Indo-Pacific Energy and Minerals Ministerial and Business Forum generated over $56 billion in announced investments across nuclear energy, LNG infrastructure, critical minerals, advanced manufacturing, and clean energy technologies—demonstrating President Trump's commitment to American energy dominance, allied supply chain security, and economic prosperity throughout the Indo-Pacific region.