Vance: Details of S. Korea's Investment in Alaska LNG Project Need Sorting Out
[International] : U.S. Vice President JD Vance has said details of South Korea's investment in an Alaska liquefied natural gas(LNG) development project remain to be consulted between the two sides. Vance told reporters before boarding a plane to visit Alaska on Monday that he believes that Seoul will eventually make ... [more...]
US Vice President JD Vance has stated that details of South Korea's investment in an Alaska liquefied natural gas (LNG) development project still need to be worked out between the two countries. According to Vance, the project is something that both the US and Asian countries, including South Korea and Japan, want to see happen, particularly given the strong demand for American gas in the region.
Vance expressed confidence that the project will ultimately move forward, citing the benefits of increased supplies of US gas for East Asian economies that have faced higher natural gas prices. He noted that the project is one of several investments announced by US President Donald Trump under last year's bilateral trade agreement with South Korea, which also includes the construction of a gas-fired power plant in Texas and eight large-scale nuclear power plants.
The Alaska LNG project was mentioned by President Trump as one of South Korea's US investment projects, but South Korea's industry ministry has clarified that the project has not yet been finalized. Yonhap News and The Korea Times reported that Vance's comments were made in a White House pool report, while KBS World Radio also covered the story.
Brief written by urgent.news from KBS World Radio, The Korea Times, Yonhap News — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
