Trump claims again S. Korea investing in Alaska LNG project under trade deal

U.S. President Donald Trump asserted on Wednesday that South Korea is investing $50 billion in a colossal liquefied natural gas (LNG) project in Alaska under a trade deal, despite questions regarding Seoul's involvement. Trump announced this development on Truth Social following his visit to Alaska for a campaign rally on Tuesday. He reiterated his administration's claim of South Korea's commitment to the Alaska LNG project, though Seoul has stated that its participation hinges on a commercial viability assessment.

Trump also reported that Taiwan has pledged $4.4 billion in equity investment into the project, labeling it "the greatest project in Alaska history." The White House Press Secretary, Katie Zachariah, affirmed on Tuesday that $54 billion is part of the Alaska LNG project as a component of a South Korean energy investment package.

President Trump concurrently unveiled a South Korean energy investment package of up to $200 billion in the United States, which includes up to $120 billion for the construction of eight large-scale nuclear power plants. Additionally, there is $54 billion earmarked for the Alaska LNG pipeline and terminal, aimed at servicing the Pacific Rim and supplying fuel to allies, and $22.3 billion for a 6-gigawatt natural gas power facility in Texas.