Alaska LNG could cost more than double Gulf Coast rivals
U.S. President Donald Trump unveiled the plan as part of a broader South Korean package, though Seoul said it had not yet decided whether to fund it.
U.S. President Donald Trump's push for South Korean investment in Alaska liquefied natural gas (LNG) is drawing attention to a massive 20 million-ton-per-year export project. The proposed plant would carry a significantly higher cost than comparable facilities in the U.S. Gulf Coast region.
Trump announced the ambitious $54 billion allocation as part of a wider $200 billion South Korean investment package. However, Seoul has not yet committed to funding the Alaska LNG project and is awaiting a review of its commercial viability. A representative from business intelligence firm Poten & Partners, Jason Feer, expressed uncertainty about whether Asian buyers would pay a premium for the strategic advantages of security of supply.
The cost disparity between Alaska and Gulf Coast LNG projects raises questions about the project's economics. While the specifics of the cost difference are not provided in the source material, the comparison underscores the potential financial implications of Trump's ambitious plan.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
