White House links $54 bil. in S. Korean investment to Alaska gas project
WASHINGTON — New White House Press Secretary Katie Zacharia said Tuesday that $54 billion was tied to an Alaska liquefied natural gas (LNG) project as part of a South Korean energy investment package, despite uncertainty over Seoul's participation in the project. Zacharia made the remarks during her first official press briefing at the White House while highlighting the South Korean energy…
On Tuesday, White House Press Secretary Katie Zacharia revealed that $54 billion from a South Korean energy investment package is linked to an Alaska liquefied natural gas (LNG) project, despite South Korea's uncertainty about participation. This disclosure came during Zacharia's first official press briefing at the White House, where she emphasized the scale of the South Korean energy investment package, valued at up to $200 billion, announced by U.S. President Donald Trump earlier in the month.
The package includes a significant $120 billion allocation for constructing eight large-scale nuclear power plants, in addition to $54 billion earmarked for the Alaska LNG pipeline and terminal. This investment is intended to service the Pacific Rim and supply fuel to allies. Furthermore, the package allocates $22.3 billion for a 6-gigawatt natural gas power facility in Texas.
Following President Trump's announcement, South Korea's industry ministry clarified that the Alaska project had not yet been finalized, underscoring the ongoing uncertainties surrounding the deal.
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.
