Trump to unveil $54 billion S. Korea investment in Alaska gas project
NEW YORK — President Donald Trump is expected to announce Wednesday major South Korean investments in U.S. energy, including $54 billion towards a long-discussed liquefied natural gas project in Alaska. A White House press officer posted a Bloomberg story outlining the plan, which is timed to boost the reelection prospects of Alaska Republican Senator Dan Sullivan. The project, championed by…
President Donald Trump is set to reveal a significant South Korean investment of $54 billion in an Alaska gas project on Wednesday. This announcement, timed to bolster the reelection prospects of Alaska Republican Senator Dan Sullivan, is part of a larger plan to enhance U.S. energy capabilities. The project, spearheaded by Glenfarme Group, a company based in New York and Houston, involves the construction of an 800-mile pipeline to transport natural gas from Alaska's North Slope to a liquefaction facility near Anchorage, with the aim of exporting the gas to Asia.
Although Alaska has a long history of petroleum production, environmental concerns have often hampered some projects. However, officials from the Trump administration, including Energy Secretary Chris Wright and Interior Secretary Doug Burgum, have been involved in discussions regarding the proposal during a June American Energy Dominance meeting.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
