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Trump threatens to 'charge' Korea 'more' if it rejects Alaska LNG project
The Korea Times • • business
Key Points:
- President Donald Trump threatened to "charge" South Korea more if it does not agree to invest in a liquefied natural gas (LNG) project in Alaska, which he claims South Korea will participate in.
- Trump made the remarks during a White House press availability, shortly after unveiling the first package of South Korea's U.S. investment projects under their bilateral trade deal, including the LNG project, a gas-fired power plant in Texas, and eight nuclear power plants.
- South Korea has not yet finalized its decision on participating in the LNG project, prompting Trump to warn he might increase charges if they do not sign on soon.
- The LNG project involves building a 1,298-kilometer pipeline from Alaska's North Slope to southern Alaska to transport natural gas for liquefaction and shipment to Asia.
- U.S. Commerce Secretary Howard Lutnick stated that South Korea is expected to invest over $50 billion in the Alaska LNG project.
