Trump: Alaska LNG Project is the Largest Investment Agreement in History
Washington, October 14 (Hibya) - President of the United States Donald Trump announced that South Korea's $50 billion infrastructure investment for the liquefied natural gas (LNG) project in Alaska is part of a trade and investment agreement, while Taiwan has made an offtake purchase commitment of $70 to $80 billion for the project.
US President Donald Trump made a statement on his social media account regarding the LNG project in Alaska. Trump noted that the project is the largest energy infrastructure investment in Alaska's history, stating that South Korea will make a $50 billion infrastructure investment in the project.
Trump stated that South Korea's investment is part of the trade and investment agreement between the two nations. Trump also announced that US Secretary of Commerce Howard Lutnick secured an offtake commitment from Taiwan for the Alaska LNG project ranging between $70 billion and $80 billion.
Trump pointed out that Taiwan's commitment corresponds to 30 percent of the pipeline over the next 20 years, stating, "This is the largest purchase agreement in history."
Trump disclosed that Taiwan has also agreed to make a $4.4 billion equity investment in the project. Emphasizing that the project belongs to the US federal government and all necessary permits have been obtained, Trump added, "This is the biggest project in the history of Alaska, and this only happens because I am in the White House."
Usa News Agency
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