Trump Touts $54 Billion South Korea Investment in Alaska Gas Pipeline
Trump said South Korea is investing $54 billion to export natural gas from Alaska while he defended Sen. Dan Sullivan's reelection bid.
- On Wednesday, President Donald Trump announced from the Oval Office that South Korea will invest $54 billion in the Alaska LNG project, an 807-mile pipeline he called "the largest infrastructure project built in the last 50 years."
- The proposed pipeline has been studied, abandoned, and revived for four decades without reaching a final investment decision; earlier cost estimates placed the project at about $44 billion, significantly lower than Trump's cited figure.
- Trump's announcement aimed to support Sen. Dan Sullivan, in a tight reelection battle; dissatisfied with Sullivan's reported margin of victory, the president inflated the figures and complained about a second candidate named "Dan Sullivan" running in the general election.
- On Thursday, South Korea's industry ministry clarified that no investment decision has been made, stating the project requires review based on "commercial rationality" and that "nothing has been determined regarding whether to invest or the scale."
- This proposal falls under a $200 billion strategic investment program agreed last year; State Sen.
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15 Articles
Trump Plugs $54 Billion Natural Gas Project in Alaska, Flanked by a Senator in a Tight Race
WASHINGTON (AP) — President Donald Trump said South Korea plans to invest about $54 billion in a natural gas project in Alaska, an announcement he made in the Oval Office on Wednesday flanked by a Republican senator who has found himself in a tough reelection race in the state. But while Trump and Alaska Sen. Dan Sullivan — a two-term senator and long-time advocate for the pipeline project — described it as a fait accompli, South Korean official…
Without mentioning thanks to South Korea, only congressmen challenged for re-election in Alaska, Trump announced South Korea's investment in the U.S. Trump, midterm election frontline ceremony The White House event on the 30th where US President Donald Trump announced South Korea's large-scale investment plan in the US was actually reminiscent of the Alaska Republican Party's election entrance ceremony.
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