Trump Says South Korea to Invest $50 Billion in Alaska LNG Project; Taiwan Also Pledges Purchases, Equity Stake
JH Kim
Summary
- Trump said South Korea plans to make a $50 billion investment in the Alaska LNG project.
- He said Taiwan had pledged $70 billion to $80 billion in LNG purchases and would also pursue a $4.4 billion equity investment.
- The announcement included South Korea's investment plan and Taiwan's pledges to purchase LNG and make an equity investment, but did not provide a specific investment timeline or the duration of the LNG purchase agreement.
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President Donald Trump said South Korea plans to invest $50 billion in the Alaska liquefied natural gas project. He also said Taiwan pledged large-scale LNG purchases and an equity investment.
Cointelegraph, a cryptocurrency-focused media outlet, reported on Oct. 14 that Trump announced South Korea would invest $50 billion in the Alaska LNG project.
Taiwan pledged to purchase $70 billion to $80 billion of LNG, the report said. Separately, it also plans a $4.4 billion equity investment.
The announcement included South Korea's investment plan and Taiwan's pledges to buy LNG and take an equity stake. It did not specify a timeline for the investment or the duration of the LNG purchase agreement.
JH Kim
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