Taiwan agrees to buy 30% of Alaska LNG pipeline gas

Summarised from 2 outlets · Updated 14 Oct, 05:08 · Archive

President Trump said Taiwan has agreed to buy 30% of gas from an Alaska liquefied natural gas pipeline project for 20 years.

President Trump announced at a rally in Alaska on Tuesday that Taiwan had agreed to buy 30% of gas from a proposed liquefied natural gas pipeline project and invest $4.4 billion into it. Trump described the agreement as 'for the next 20 years' and called it 'one of the biggest commitments in history for anything', saying it guaranteed the pipeline's success.

The roughly 800-mile pipeline would export up to 20 million metric tons of liquefied natural gas per year. Trump also stated that South Korea had committed $50 billion to the project, which is estimated to cost between $44.5 billion and $54.5 billion. Glenfarne, the project developer, has told the U.S. government it aims to deliver its first gas in 2029.

Taiwan Premier Cho Jung-tai said that the government's job was to 'stabilise the entire energy supply and build its resilience, like governments everywhere'. Taiwan's economic ministry, which oversees energy policy, declined to comment immediately. The island relies on imports for more than 90% of its energy supply and is experiencing growing demand linked to artificial intelligence growth and semiconductor production.

How it is being reported

• Trump says Taiwan agrees to buy 30% of LNG from Alaska...President Donald Trump said Tuesday that the agreement was 'for the next 20 years' and that it was 'one of the biggest commitments in history for anything.'Daily Mail · 14 Oct, 04:51
• Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump saysU.S. President Donald Trump said Tuesday that Taiwan had agreed to buy 30% of the gas from a pipeline project in Alaska.CNBC · 14 Oct, 03:09

In this story: Taiwan · Alaska · Donald Trump · South Korea · TSMC · Glenfarne · Cho Jung-tai

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