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President Trump to announce $54 billion investment in LNG pipeline, White House official says
Alaska's News Source • • nation
Key Points:
- President Donald Trump is set to announce a $54 billion investment in Alaska's proposed LNG pipeline project, part of a larger $200 billion commitment under the US/Korea Trade and Investment Initiative.
- The investment amount is sufficient to fund the entire gas line, according to the project's major developer, Glenfarne.
- A key unresolved issue in Alaska's legislature is property tax exemptions required by Glenfarne for the project to be economically viable, which lawmakers have largely opposed.
- Legislative efforts to pass a tax plan including exemptions for the gas line have failed amid political conflict, with Governor Dunleavy threatening vetoes and lawmakers lacking votes to override.
- Political tensions between the governor and legislature have stalled progress on the project, with key stakeholders indicating the issue will likely be deferred to the next legislative session.
