Donald Trump said Taiwan has agreed to buy 30% of gas from a proposed Alaska LNG project for 20 years. The terms were not immediately clear, and officials in Taiwan and the White House did not comment.
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01Summary
- 01Donald Trump said on Tuesday that Taiwan had agreed to buy 30% of the gas from the proposed Alaska LNG project.
- 02Trump said at a rally in Alaska that the deal would last for 20 years and would help guarantee the project’s success.
- 03The project is a $50 billion Alaska LNG venture, and Trump also claimed South Korea had already committed $50 billion and that the US would invest $4.4 billion more.
- 04Taiwan’s state-owned CPC Corp reportedly reached an agreement last year with Alaska Gasline Development Corp to buy LNG and invest in the pipeline project.
- 05Glenfarne, the project developer, said this month it aims to deliver first gas in 2029.
02Why it matters
The comments add to questions over the scale and timing of one of the biggest proposed energy projects linked to US trade and diplomacy. Taiwan’s heavy dependence on imported energy means any supply deal could matter for its energy security.
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