Taiwan, Japan, and South Korea Consider Investing in Alaska LNG to Avoid Tariffs
President Trump has imposed tariffs on global trading partners, prompting Asian allies to evaluate investments in a major natural gas project in Alaska. Reports indicate that Taiwan, Japan, and South Korea are considering investments in the "Alaska Liquefied Natural Gas" (Alaska LNG) project to meet Trump's demands and avoid high tariffs on their exports.
The state of Alaska has been pursuing plans to build an 800-mile pipeline from the North Slope to Cook Inlet, where the natural gas will be cooled and exported to Asia. This project, costing approximately $40 billion, has been stalled for years but is seeing renewed interest as Trump prioritizes it in his agenda.
According to the U.S. Treasury Secretary, the liquefied natural gas plan could play a significant role in trade negotiations with Taiwan, Japan, and South Korea. Taiwan's state-owned oil company signed a letter of intent in March to purchase 6 million tons of LNG from the Alaska project.
