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Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says
Trump said Taiwan will buy 30% of gas from an Alaska pipeline project, while the deal terms remained unclear.
On Tuesday, President Donald Trump announced at a rally in Wasilla, Alaska, that Taiwan agreed to buy 30% of gas from the Alaska LNG pipeline project over the next 20 years.
Taiwan relies on imports for more than 90% of its energy, with demand surging due to AI-related growth at semiconductor giant TSMC, making energy security critical.
Although Taiwanese state energy firm CPC Corp previously signed agreements with Alaska Gasline Development Corp, there was no immediate confirmation from Taiwan regarding this latest deal; The White House did not respond to requests for comment.
Trump claimed Taiwan would invest an additional $4.4 billion to ensure completion, saying the investment "guarantees the success" of the project despite lingering doubts.
The project aims to deliver first gas in 2029, while Trump has pressured South Korea over its participation in the $50 billion project, threatening to increase charges if Seoul failed to finalize involvement.
US President Donald Trump announced on Tuesday evening that Taiwan has agreed to buy 30 percent of the gas that will be supplied by the planned Alaska pipeline.