Trump claims again Korea to invest in Alaska LNG project under trade deal
WASHINGTON — U.S. President Donald Trump said Wednesday that Korea will invest $50 billion in a massive liquefied natural gas (LNG) project in Alaska as part of an investment agreement with Washington, despite uncertainty over Seoul's participation. "This 50 Billion Dollar Infrastructure Investment from The Republic of Korea is part of their Trade and Investment Deal with me," Trump wrote on…
U.S. President Donald Trump announced on Wednesday that South Korea is prepared to invest $50 billion in a massive liquefied natural gas (LNG) project in Alaska, as part of a trade and investment deal between the two nations. Despite questions about Seoul's commitment, Trump asserted on his social media platform that this significant infrastructure investment forms a cornerstone of their agreement.
During a campaign rally in Alaska on Tuesday, Trump reiterated his administration's claims that South Korea is fully committed to the Alaska LNG project. Seoul has, however, maintained that its involvement is contingent upon a commercial viability review. Trump also touted Taiwan's decision to inject $4.4 billion in equity into the project, describing it as "the greatest project in Alaska history."
The White House Press Secretary, Katie Zacharia, confirmed on Tuesday that a total of $54 billion is earmarked for the Alaska LNG project under a broader Korean energy investment package. Additionally, President Trump unveiled a Korean energy investment package of up to $200 billion within the United States.
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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