President Donald Trump is expected to unveil a major package of South Korean investments in the United States, including about $54 billion for a liquefied natural gas (LNG) project in Alaska, according to multiple reports citing sources.
The Alaska proposal centers on transporting natural gas from Alaska’s North Slope to an LNG liquefaction facility near Anchorage, supported by a pipeline proposed at roughly 800 miles (figures reported at about 807 miles). The projects would be among several large South Korean investments tied to a broader US-South Korea economic framework. The announcement is described as part of efforts to boost political support for Alaska Republican Senator Dan Sullivan ahead of elections.
Outlets also note that Alaska officials have previously weighed similar ideas but did not advance them due to questions about costs and expected consumer demand for LNG. Some reporting says environmental concerns have been a factor historically, while Trump administration officials have dismissed such concerns. One source reports Alaska holds a 25% stake, with Glenfarne Group holding the remainder, and that the LNG project would not reach the market until around 2030 even under best-case timelines.
Additional reporting indicates South Korea plans to announce roughly $200 billion in US investment in total and commits to broader energy purchasing and industrial investments, including potential funding for US nuclear plants.
