Taiwan to buy 30% of gas from Alaska pipeline project

Summarised from 2 outlets · Updated 14 Oct, 05:02 · Archive

US President Trump says Taiwan has agreed to buy 30 per cent of liquefied natural gas from an Alaska pipeline project over 20 years.

US President Trump announced at an Alaska rally that Taiwan has agreed to buy 30 per cent of liquefied natural gas from an Alaska pipeline project over the next 20 years. Commerce Secretary Howard Lutnick said Taiwan has committed to investing $4.4 billion in the pipeline's development. However, Trump's comments did not make clear whether a final deal had been signed.

Taiwan's economy ministry, which handles energy policy, had no immediate comment on Trump's announcement. When asked, Taiwan Premier Cho Jung-tai told reporters the government's role is to 'stabilise the entire energy supply and build its resilience, like governments everywhere'.

Taiwan state energy firm CPC Corp signed an agreement with Alaska Gasline Development Corp last year to buy liquefied natural gas and invest in the pipeline project. Alaska's governor previously said Taiwan signed a letter of intent to buy six million metric tonnes of liquefied natural gas per year from the project. Taiwan's officials said in February they would increase US natural gas purchases to constitute about a third of the island's imported supply and reduce purchases from other countries.

How it is being reported

• Taiwan agrees to buy LNG from Alaska project: TrumpUS President Trump says Taiwan has agreed to purchase 30 per cent of gas from the Alaska pipeline over the next 20 years.Perth Now · 14 Oct, 04:36
• Taiwan agrees to buy LNG from Alaska project: TrumpUS President Trump says Taiwan has agreed to purchase 30 per cent of gas from the Alaska pipeline over the next 20 years.The West Australian · 14 Oct, 04:36

In this story: Taiwan · Alaska · United States · Donald Trump · Howard Lutnick · CPC Corp · Alaska Gasline Development Corp

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