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…
U.S. Press Secretary Katie Zacharia announced on Tuesday that $54 billion of a South Korean energy investment package is linked to an Alaska liquefied natural gas (LNG) project, even though the South Koreans' involvement remains uncertain. This disclosure came during Zacharia's inaugural press briefing at the White House, where she highlighted the significant energy investment package valued at up to $200 billion announced by President Donald Trump earlier in the month.
In addition to the $54 billion allocated to the Alaska LNG pipeline and terminal, the package also includes up to $120 billion for constructing eight large-scale nuclear power plants. Zacharia emphasized the importance of this deal, calling it "amazing." Other portions of the investment package earmarked for South Korea include $22.3 billion for a 6-gigawatt natural gas power facility in Texas.
However, following President Trump's announcement, South Korea's industry ministry clarified that the Alaska project had not yet been finalized. They stressed that further confirmation was required before proceeding with any commitments.
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.
This story
This is one outlet's version. Read the fullest account.
