Trump Prepares to Announce $54 Billion South Korean Investment in Alaska LNG

Donald Trump is expected to announce a roughly $200 billion South Korean U.S. investment package, featuring approximately $54 billion to finance the Alaska LNG pipeline and export terminal project. The funds stem from Seoul's broader $350 billion commitment made under a bilateral trade pact that reduced U.S. tariffs to 15%. Alongside $22 billion earmarked for a 6.3-gigawatt Texas natural gas power plant, the capital aims to overcome high costs for Alaska LNG, where developer Glenfarne has secured 13 million metric tons per year in preliminary off-take agreements but requires 3 million more.