Trump: Korea invests $50B in Alaska LNG

Trump's Truth Social latest posts10-15

President Donald Trump said on Oct. 14 on X that he was in Alaska launching the Alaska LNG Project and announced major investment and long-term offtake commitments.

Trump said a 50 Billion Dollar infrastructure investment from the Republic of Korea is part of their “Trade and Investment Deal with me.” He added that his Commerce Secretary, Howard Lutnick, “has secured an Offtake Commitment from Taiwan of between 70 to 80 Billion Dollars for Alaska LNG — That is 30% of the Pipeline for the next 20 years.” He emphasized: “This is the largest Offtake Agreement in History.”

Trump further stated: “Taiwan has also agreed to Invest 4.4 Billion Dollars in Equity into the Project,” and described the venture as “now a U.S. Federal Government Project, with all necessary permits secured, and all necessary authorizations delivered, and ready to go.” He also characterized it as “the GREATEST Project in Alaska History,” adding, “this only happens with me in the White House.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment