Taiwan is advancing talks to secure a major liquefied natural gas (LNG) supply from Alaska, following an announcement by US President Donald Trump that Taipei would take 30% of the output from a proposed pipeline. The island's economy ministry revealed that CPC Corp, Taiwan's state-run energy firm, plans to purchase six million tonnes of LNG annually and invest up to US$4.4 billion in the project. However, the final terms of the deal remain uncertain.
The Alaska LNG project, estimated to cost US$54 billion, still requires firm commercial commitments to secure the necessary financing. While President Trump highlighted potential investment from South Korea, Seoul has indicated that its participation is still under review. The announcement was made during Trump's campaign visit to Alaska ahead of the November midterm elections, where Republicans face a tough Senate race.