Trump unveils S. Korea's plans for U.S. investment, including Alaska LNG project
U.S. President Donald Trump on Wednesday unveiled South Korea's plans for investment, including a liquefied natural gas (LNG) project in Alaska, under last year's bilateral trade agreement. The announcement followed protracted negotiations over several energy investment projects under the trade agreement that committed South Korea to investing $350 billion in the United States -- $150 billion for…
U.S. President Donald Trump unveiled South Korea's investment plans, including an Alaska liquefied natural gas (LNG) project, under last year's bilateral trade agreement. The deal committed South Korea to investing $350 billion in the United States, with $150 billion earmarked for shipbuilding and the rest for strategic investments in exchange for reduced U.S. tariffs on Korean goods.
Trump emphasized these investment plans as he seeks to showcase his economic achievements before the November midterm elections, amid growing concerns over the ongoing war with Iran, which has driven up energy prices and economic uncertainty. The LNG project entails the construction of a 1,298-kilometer pipeline from Alaska's North Slope, home to substantial natural gas reserves, to southern Alaska for transporting cooled natural gas to Asia. Other projects include a substantial gas-fired power plant in Encinal, Texas, and several others.
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.
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- Trump unveils S. Korea's plans for US investment, including Alaska LNG project koreatimes.co.kr
- Trump puts Sullivan at center stage during Alaska pipeline reveal thehill.com
- WATCH: Trump announces $54 billion South Korean investment in Alaska natural gas pipeline pbs.org
- (URGENT) Lutnick says S. Korea to invest over $50 billion for Alaska LNG project en.yna.co.kr
- South Korea unveils major energy investment plans in US channelnewsasia.com
