Trump may announce $54 billion for Alaska LNG project

President Donald Trump could announce plans Wednesday to direct about $54 billion from South Korea’s investment commitments toward the proposed Alaska LNG project, according to people familiar with the discussions. The allocation has not been confirmed, and the project still needs binding buyer agreements to support financing. The possible investment would fund a development intended to carry natural gas from Alaska’s North Slope through a pipeline to a liquefaction and export facility on the state’s southern coast. From there, liquefied natural gas could be shipped to customers in Asia. The project is being developed by Glenfarne Group, which owns 75%, with the state of Alaska holding the remaining 25%. The reported $54 billion is part of South Korea’s broader investment plans in the United States, but the accounts describe the overall amounts differently. One account said a roughly $200 billion announcement was expected, while a separate reference identified a $350 billion investment pledge under a trade deal. The $54 billion Alaska LNG allocation remains prospective, and no final amount or terms have been established in the reporting.