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Trump claims again Korea to invest in Alaska LNG project under trade deal

WASHINGTON — U.S. President Donald Trump said Wednesday that Korea will invest $50 billion in a massive liquefied natural gas (LNG) project in Alas...

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President Donald Trump boards Air Force One at Harry Reid International Airport, Wednesday, in Las Vegas. AP-Yonhap
President Donald Trump boards Air Force One at Harry Reid International Airport, Wednesday, in Las Vegas. AP-Yonhap

U.S. President Donald Trump said Wednesday that Korea will invest $50 billion in an Alaska liquefied natural gas project as part of a trade and investment agreement with Washington. Seoul has said its participation remains subject to a commercial viability review. Trump also said Taiwan agreed to invest $4.4 billion in equity. White House Press Secretary Katie Zacharia linked $54 billion to the project within a broader Korean energy investment package.

Trump described the Alaska LNG investment as part of Korea’s trade and investment deal with the United States.

The White House said the broader Korean energy package could include up to $200 billion in U.S. investments.

The package includes as much as $120 billion for eight large-scale nuclear power plants.

The White House also cited $22.3 billion for a 6-gigawatt natural gas power facility in Texas.

Published Oct 15, 2026 5:48 am KST

Updated Oct 15, 2026 7:44 am KST

President Donald Trump boards Air Force One at Harry Reid International Airport, Wednesday, in Las Vegas. AP-Yonhap

WASHINGTON — U.S. President Donald Trump said Wednesday that Korea will invest $50 billion in a massive liquefied natural gas (LNG) project in Alaska as part of an investment agreement with Washington, despite uncertainty over Seoul's participation.

"This 50 Billion Dollar Infrastructure Investment from The Republic of Korea is part of their Trade and Investment Deal with me," Trump wrote on Truth Social, while describing his visit to Alaska for a campaign rally on Tuesday.

The remarks were the latest from the Trump administration claiming that Korea is committed to the Alaska LNG project. Seoul has maintained that its participation remains subject to a commercial viability review.

Trump also said that Taiwan has agreed to invest $4.4 billion in equity into the project, calling it the "greatest project in Alaska history."

White House Press Secretary Katie Zacharia also said Tuesday that $54 billion was tied to the Alaska LNG project as part of a Korean energy investment package.

"President Trump also unveiled a Korea energy investment package of up to $200 billion in the United States. This is an amazing deal. This includes as much as $120 billion to build eight large-scale nuclear power plants," Zacharia said.

"In addition to that, there is $54 billion tied to the Alaska LNG pipeline and terminal to service the Pacific Rim and sell fuel to our allies as well as $22.3 billion for a 6-gigawatt natural gas power facility in Texas," she added.

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