Trump to Announce South Korean Investment in Alaska Natural Gas Pipeline
The project is expected to expand the state’s energy infrastructure and natural gas development as Republicans face a competitive Senate race.
- On Wednesday, President Donald Trump announced a $54 billion South Korean investment for an Alaska natural gas project, stating the plan delivers on his promise to "unleash American energy and unlock Alaska."
- The proposed 800-mile pipeline from the North Slope to Southcentral Alaska has faced decades of delays due to formidable costs; Glenfarne Alaska LNG executives say moving forward requires securing contracts and finalizing the state's tax structure.
- Becky Windt Pearson, head of Alaska legal affairs for Glenfarne, said the company will pursue a tax overhaul in the January legislative session, as previous efforts to pass property tax breaks failed this year amid lawmaker skepticism.
- South Korean officials recently indicated the project remains under review for commercial viability, while Glenfarne executives acknowledge a final investment decision is contingent on several pending steps, including legislative tax changes.
- Gov. Mike Dunleavy earlier this year sought legislative support for the project's tax relief, and the administration continues to prioritize the initiative, which Trump promised to advance via an executive order signed in January 2025.
12 Articles
12 Articles
Trump unveils $54 billion in South Korean investment in Alaska, site of a tight Senate race
President Donald Trump has announced plans for South Korea to invest roughly $54 billion in a project to export natural gas from Alaska. The proposal has long been backed by Republican Sen. Dan Sullivan, who's in a competitive reelection contest…
(Washington = Yonhap News) Correspondent Park Sung-min = U.S. President Donald Trump said on the 30th (local time) that South Korea is investing in the Alaska liquefied natural gas (LNG) development project...
The Economic Times
Times of IndiaTrump goes big in Alaska: $54 billion natural gas project announced
Watch live as President Donald Trump announces plans for a major $54 billion natural gas project in Alaska. The investment is expected to focus on expanding Alaska’s energy infrastructure and natural gas development. Trump’s announcement comes as Republicans face a competitive Senate race in Alaska ahead of the midterm elections. Watch the full remarks and latest details on the massive energy project.
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