{
  "id": 15900210,
  "title": "Alaska LNG Costs Could Double Amid Trump Push",
  "url": "https://urgent.news/2026/10/21/alaska-lng-costs-could-double-amid-trump-push",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-21T14:24:51.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=279375"
  },
  "original_language": "en",
  "account": "A recent report has confirmed that the cost of the Alaska liquefied natural gas (LNG) project, which United States President Donald Trump is urging South Korea to invest in, may double. The analysis by energy consulting firm GaffneyCline, submitted in December, highlighted the high capital cost and risk of cost escalation as the primary obstacle. Despite multiple cost evaluations, all remain at an initial feasibility stage with a wide margin of error of -50% to +100%. GaffneyCline expressed concern over significant uncertainty in cost estimates and the decreasing reliability due to rising LNG-related costs. In June, Glenfarne, the lead developer, estimated the project's cost to be between $44.5 billion and $54.5 billion. However, this remains a rough estimate. The Alaska LNG project involves transporting gas from the North Slope to Nikiski via a 1,300-kilometer pipeline and liquefying it for Asian export. South Korea's decision to invest remains undecided, with President Trump stating that up to $200 billion in US energy projects, including approximately $54 billion for the Alaska LNG project, is on the table. However, finalizing the project's economic viability requires determining the scale of investment costs through Front-End Engineering Design.",
  "summary": "A report has been belatedly confirmed indicating that the cost of the Alaska liquefied natural gas (LNG) project, which United States President Donald Trump is pressuring South Korea to invest in, could swell by up to twofold.In a report submitted to the Alaska State Legislature’s Legislative Budget",
  "key_points": [
    "Alaska LNG project costs may double due to high capital cost and risk.",
    "GaffneyCline report highlights significant uncertainty in cost estimates.",
    "South Korea's investment decision and US energy project funding remain undecided."
  ],
  "editors_take": "Uncertainty regarding massive capital requirements and wide error margins threatens the economic viability of the Alaska LNG project as it seeks international investment to fuel Asian energy markets.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}