Trump rallies in Wasilla with promises of additional foreign investment in gas line
- On Tuesday, President Donald Trump doubled down on claims that South Korea will invest over $50 billion in an Alaska gas pipeline, despite Vice President J.D. Vance and Korean officials acknowledging the deal remains unfinalized.
- Alaska state officials have pursued the 807-mile pipeline for decades to boost the treasury, with President Trump now positioning the project to support U.S. Senator Dan Sullivan's reelection.
- New White House Press Secretary Katie Zacharia confirmed $54 billion is tied to Alaska LNG within a $200 billion package, while Commerce Secretary Howard Lutnick announced Taiwan's separate $4.4 billion investment commitment.
- Korean officials indicated Wednesday that any investment depends on developer Glenfarne reaching a 'final investment decision,' stressing the project must be 'commercially reasonable' before they commit funds.
- Although the Iran War increases the project's strategic value, Alaska LNG faces significant competition from cheaper Gulf Coast and Canadian alternatives, complicating the timeline for securing necessary commercial commitments.
18 Articles
18 Articles
Key news items from VOA's "Today's Focus" on October 15, 2026 include: Trump: Taiwan pledges to purchase $70-80 billion worth of Alaskan liquefied natural gas over the next 20 years; US Secretary of War Hagersses attends the Association of the United States Army Annual Meeting, focusing on autonomous operations and military innovation; US State Department expresses concern about the actions of the Chinese People's Liberation Army around the Taiw…
Katie Zachariah, the new White House Press Secretary, announced at her first official briefing on the 13th (local time) that South Korea will invest $54 billion (approximately 72.5 trillion won) in the Alaska liquefied natural gas (LNG) development project. During the White House briefing that day, Spokesperson Zachariah stated that President Trump “up to 200 billion
White House links $54 bil. in S. Korean investment to Alaska gas project
WASHINGTON — New White House Press Secretary Katie Zacharia said Tuesday that $54 billion was tied to an Alaska liquefied natural gas (LNG) project as part of a South Korean energy investment package, despite uncertainty over Seoul's participation in the project. Zacharia made the remarks during her first official press briefing at the White House while highlighting the South Korean energy investment package worth up to $200 billion that U.S. Pr…
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