Trump Touts $54 Billion Korea Investment in Alaska LNG
US President Donald Trump is set to unveil plans for South Korea's pledged strategic investment package of about US$54 billion, aimed at building a liquefied natural gas facility in Alaska and several other major US projects.
The move is part of a flurry of economic and investment announcements ahead of November's midterm elections, as Trump seeks to bolster his administration's economic record to shore up voter support.
Alaska has become a central stage for Republicans battling to maintain control of the US Senate, with many analysts regarding the contest between incumbent Republican Dan Sullivan and Democrat Mary Peltola as a toss-up.
The Alaska LNG project would include a pipeline to transport natural gas from the North Slope to a liquefaction facility on the state's southern coast, where it could be shipped to Asian markets.