South Korean and U.S. officials have agreed that South Korea will invest $22.3 billion in a 6.3-GW natural gas-fired power plant in Encinal, Texas, South Korean news outlet Edaily reported Sept. 6, citing anonymous politicians and officials. South Korea's industry ministry denied the report, saying negotiations were still ongoing. Meanwhile, Yonhap News Agency reported Sept. 8 that trade negotiators are in the final stages of determining whether South Korea would invest in just two or all three potential investment projects in U.S. strategic industries, with the total investment potentially exceeding $200 billion.