The U.S. President Donald Trump praised Japan’s pledge to invest nearly $36 billion in U.S. oil, gas, and critical mineral projects, calling it an early payoff from a new bilateral trade deal.
The investments span Texas, Ohio, and Georgia and mark the first wave of funding under an agreement in which Japan committed up to $550 billion for U.S.-based projects in exchange for reduced tariffs on Japanese imports.
Trump lauds Japan’s pledge to invest $36 billion in U.S. oil, gas and critical mineral projects https://t.co/i6UDL2LrS3
— CNBC (@CNBC) February 18, 2026
The largest project is a $33 billion natural gas power facility in Ohio expected to generate 9.2 gigawatts of electricity.
U.S. officials say it would be the largest natural gas generation facility ever built. Japan will also finance a $2.1 billion offshore crude oil export terminal off the Texas coast, designed to boost U.S. energy exports.
A third project includes a $600 million synthetic diamond grit facility in Georgia. Japanese Prime Minister Sanae Takaichi said the investments strengthen economic security and deepen U.S.-Japan ties.
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