Trump says he did not 'jump the gun' on South Korea Alaska LNG investment announcement
Seoul says the pipeline deal is not finalized as Trump cites a broader $200 billion South Korean investment package.
- On Friday, President Donald Trump denied he "jumped the gun" on announcing a South Korean investment in Alaska LNG, a project that has been planned for decades but still lacks binding commitments.
- Trump unveiled plans on Wednesday for South Korea to invest $200 billion in U.S. projects, but Seoul quickly suggested the $54 billion Alaska LNG pipeline component was not yet set in stone.
- Stretching over 800 miles, the 1,300-kilometer pipeline would connect the North Slope to an LNG liquefaction facility in Nikiski, though the project would cost twice as much as a comparable Gulf Coast plant.
- Trump told reporters at the White House regarding hesitation: "If they don't want to do it, that's okay with me. I'll just charge them more." He also claimed the deal includes $8.4 billion for an oilfield project.
- The projects fall under South Korea's broader $350 billion strategic investment package made last year, though Seoul officials maintain commitments are limited to a November 2025 joint fact sheet with Washington.
29 Articles
29 Articles
Trump unveils $200 billion South Korean investment in US; Seoul hedges on Alaska pipeline
US President Donald Trump unveiled plans on Wednesday for South Korea to invest some $200 billion in US projects, but Seoul quickly suggested one key element, a $54 billion pipeline for an LNG...
The US wants to build a new LNG project in Alaska. It is said that this happens with many billions of dollars from South Korea's treasury. Asians are skeptical.
(Seoul = Yonhap News) Reporter Jang Bo-in = South Korea's investment in the U.S. set off in earnest with the official announcement of projects by both countries early this month, but hit a snag from the start...
Anchorage Daily News
BizTocSouth Korean official says Trump announcement on Alaska LNG went ‘far beyond what was agreed’
The governor and Republican incumbents in competitive U.S. Senate and House races said they expect South Korea to ultimately invest $54 billion. Some industry observers cast doubt on that prospect.
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