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US and Japan to Form LNG Joint Venture, Says Donald Trump - All You Need to Know About the Project
ALASKA, UNITED STATES, JUL 23 – The joint venture aims to develop an 800-mile pipeline and liquefaction plant to export Alaska LNG, but Japanese companies have not confirmed the deal, raising questions about its viability.
- Tuesday saw President Donald Trump claim Japan will form a joint venture in Alaska, though a Japanese government official said he was not aware of such plans.
- Amid talks on a trade deal, President Donald Trump claimed Japan was ready to form a joint venture for Alaska LNG, but Japanese officials are not aware of such plans.
- Meanwhile, a METI official said the agency is working to confirm Trump's comments.
- Market watchers question the project's viability, as the Alaska LNG project is widely considered uneconomic, according to The Associated Press.
- It would require an estimated 50 to 60 billion dollars to develop the Alaska LNG project, requiring an 800-mile pipeline and a liquefaction plant.
15 Articles
15 Articles
Trump Announces US–Japan LNG Joint Venture
President Donald Trump said on July 22 that the United States and Japan are close to a deal to jointly export liquefied natural gas (LNG) from Alaska. Japan is “forming a joint venture with us in Alaska for the LNG,” Trump told lawmakers in Washington. “They’re all set to make that deal now.” Trump did not provide details, and it was unclear whether he was referring to the proposed $44 billion Alaska LNG project, which envisions an 800‑mile pipe…
US and Japan to form LNG joint venture, says Donald Trump - All you need to know about the project
Trump's announcement came moments after he announced a trade deal with Japan, reducing tariffs to 15 per cent on goods including auto parts. Japan became the first country to strike a trade deal with the US that would also reduce auto tariffs.
Colorado Springs Gazette
Trump says Japan, US to form LNG joint venture
By Yuka Obayashi and Katya Golubkova
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