Trump Unveils $54 Billion South Korean Bet on Alaska LNG
Updated
Updated · POLITICO · Sep 30
Trump Unveils $54 Billion South Korean Bet on Alaska LNG
3 articles · Updated · POLITICO · Sep 30
Summary
$54 billion in South Korean funding is set to be announced for the long-delayed Alaska LNG project, giving fresh momentum to a proposal that has struggled for decades.
The project centers on an 800-mile pipeline carrying North Slope gas to an export terminal on Alaska’s south coast, though the White House did not say when the Korean commitment would be deployed.
Trump plans to frame the investment as part of his push to expand U.S. energy production and unlock Alaska’s resource base, with the administration already exploring ways to speed development.
Alaska Republicans including Sen. Dan Sullivan, Gov. Mike Dunleavy and Rep. Nick Begich are due at the White House event, and the announcement could aid Sullivan in a tight Senate reelection race.
The project also has bipartisan backing in Alaska: Democrat Mary Peltola supported it in Congress and recently pledged to fight for the pipeline if elected to the Senate.