Trump to Highlight South Korea’s B Investment in Alaska LNG Project

Trump to Highlight South Korea’s $54B Investment in Alaska LNG Project

President Trump plans to unveil South Korea's $54B investment in Alaska LNG and other projects ahead of midterms. Key details inside.

Editorial Desk

September 30, 2026 One Min Read

POLICY WIRE — Washington, United States — President Donald Trump is set to announce plans to leverage a $54 billion strategic investment from South Korea for the development of an Alaska liquefied natural gas (LNG) facility and additional major infrastructure projects, according to sources familiar with the discussions.

The announcement is expected to take place as part of a series of economic initiatives aimed at strengthening Trump’s administration’s record ahead of the November midterm elections. The move comes amid declining public approval ratings and concerns over rising gasoline prices and international tensions, particularly with Iran.

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The Alaska LNG project would involve a pipeline transporting natural gas from Alaska’s North Slope to a coastal liquefaction terminal, enabling shipments to Asian markets. It would mark the first U.S. project with direct access to Asia, the fastest-growing LNG market. Japan’s JERA and Tokyo Gas have already signed preliminary agreements to purchase up to 2 million metric tons annually if the project proceeds.

Reporting by Policy-Wire (PW)

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