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Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says
CNBC • • nation
Key Points:
- U.S. President Donald Trump announced that Taiwan has agreed to purchase 30% of the gas from the proposed $50 billion Alaska LNG project for the next 20 years, though the deal's terms remain unclear.
- Taiwan's state-owned energy company CPC Corp had reportedly reached an agreement last year to buy LNG and invest in the pipeline, aligning with Taiwan's rising energy demand driven by AI growth and semiconductor industry needs.
- Trump also claimed South Korea agreed to join the Alaska LNG project and would invest an additional $4.4 billion, despite Seoul not confirming its participation, amid Trump's warnings of increased charges if South Korea delays signing.
- The Alaska LNG project, developed by Glenfarne, aims to deliver its first gas by 2029, with the U.S. leveraging energy exports to strengthen ties with Taiwan amid geopolitical tensions with China.
- Taiwan, heavily reliant on energy imports and facing growing electricity demand, continues to await major U.S. arms sales as Beijing maintains its claim over the island.
