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WATCH: Trump announces $54 billion South Korean investment in Alaska natural gas pipeline
PBS • • nation
Key Points:
- President Donald Trump announced plans for South Korea to invest approximately $54 billion in exporting natural gas from Alaska, supporting a project long advocated by Republican Senator Dan Sullivan amid a competitive reelection campaign.
- The project involves constructing an 807-mile natural gas pipeline from Alaska's North Slope to a liquified natural gas export terminal, expected to reduce energy costs for Alaskans and begin exports several years after construction.
- Trump credited his administration's trade policies, including a 2025 trade deal with South Korea that reduced tariffs in exchange for U.S. investments, as key to securing this investment.
- The announcement follows a similar recent event promoting a $15 billion steel plant in Iowa, both aimed at boosting Republican Senate candidates in tight races ahead of the midterm elections.
- These efforts come as Trump's approval ratings remain low and voters express concerns about the economy and fuel prices, with Democrats targeting Republican-held Senate seats in Alaska and Iowa.
