Taiwan Agrees to Purchase 30% of Gas From Alaska LNG Project, Says Trump
U.S. President Donald Trump announced that Taiwan has agreed to purchase 30% of the gas from a proposed $50 billion liquefied natural gas (LNG) project in Alaska over the next two decades. The deal was highlighted at an election rally and is intended to ensure the success of the pipeline, though specific terms remain unclear. The announcement follows Trump's earlier claims that South Korea had also agreed to join the project, despite Seoul not having finalized its participation. Last year, Taiwan’s state-owned CPC Corp reportedly reached a preliminary agreement with Alaska Gasline Development Corp (Glenfarne) to purchase LNG and invest in the pipeline. The developer aims for first gas delivery by 2029. Taiwan's energy demand is rising due to AI-driven growth but remains heavily reliant on imports, prompting increased interest in securing long-term supply agreements.