Foreign investments in U.S. energy continue to grow as world markets grapple with uncertainty. The global oil and gas landscape is seriously shook right now. And while the Middle East, Europe, and Australia have been actively investing in America in recent times to take advantage of the nation’s much friendlier climate and our wealth of resources, it’s Japan that’s driving foreign oil and gas investments here.

Reese Energy Consulting today is following the latest from the $550 billion Japan-U.S. Strategic Agreement signed last year that included $73 billion in American energy projects. Not all allocations covered oil and gas but those that did in the first phase included $2.1 billion for a crude oil export infrastructure project offshore the Gulf, and $33 billion for a natural gas mega-power plant and data center in Ohio. These projects are now underway with birdsong.

Comes the second phase in the agreement between the U.S. and Japan announcing deployment of the second series of energy projects. These include $40 billion to build small modular reactors in Tenn., and Ala.; $17 billion for construction of natural gas gen plants in Pa., and $16 billion toward natural gas generation facilities in Texas.