Taiwan Cites Progress on Alaska LNG after Trump Says It Will Buy 30% of Output
WASILLA, Alaska/TAIPEI, Oct 13 (Reuters) - Taiwan said on Wednesday it was making progress in talks to buy liquefied natural gas from Alaska LNG and would invest $4.4 billion in the project after US President Donald Trump told a rally in the state that Taipei would buy 30% of its output.
On October 13, Taiwan announced it was making headway in negotiations to acquire liquefied natural gas (LNG) from Alaska LNG, with a commitment to invest $4.4 billion in the project. This announcement came after US President Donald Trump expressed his support for the initiative during a rally in Alaska. The Taiwan economy ministry stated that state-owned energy firm CPC Corp had made significant progress during nearly one and a half years of negotiations and evaluation.
The Alaska LNG project, valued between $44.5 billion and $54.5 billion, was projected to produce 20 million metric tons of LNG per year. Under the agreement, CPC Corp would purchase 6 million tons per year once production commenced, aligning with a letter of intent signed last year. The ministry did not disclose whether a binding sale-and-purchase agreement had been formalized.
Trump, in a subsequent post on his Truth Social platform, referred to the Alaska LNG pipeline as a "U.S. Federal Government Project" and highlighted the potential financial impact of Taiwan's commitment to buy the project's output over the next two decades, estimating the value between $70 billion and $80 billion.
Written by urgent.news from The Japan News by The Yomiuri Shimbun's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
