Trump Claims South Korea Will Invest $50B in Alaska Gas Pipeline. Not so Fast, Korean Officials Say
8 Articles
8 Articles
Trump-backed Alaska LNG revival still faces viability questions in Korea
With a discrepancy emerging between Korea and the U.S. over a proposed investment of more than $50 billion in the Alaska liquefied natural gas (LNG) project, questions are growing over whether the project can generate sufficient commercial returns for Seoul. U.S. Secretary of Commerce Howard Lutnick said Wednesday (local time) Korea would invest about $54 billion (73.4 trillion won) in the Alaska LNG project, as part of Seoul's $200 billion inve…
Donald Trump commits to building a gas pipeline in Alaska, thanks to a massive investment made by South Korea
On the 30th (local time), while announcing South Korean investment targets in the U.S., U.S. President Donald Trump effectively made it a fait accompli that South Korea would invest more than $50 billion (approximately 68 trillion won) in the Alaska liquefied natural gas (LNG) project. However, the fact sheet jointly released by South Korea and the U.S. contained information suggesting that related consultations have not yet been finalized. The …
South Korea tempered Donald Trump's announcements on Thursday about future investments in a liquefied natural gas project in Alaska.
South Korean lawmakers appear cautious about the commercial viability of the investment and the financial risks that South Korean businesses may take.
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