Trump warns South Korea of higher costs over Alaska LNG project delay

U.S. President Donald Trump has warned South Korea that it could face significantly higher costs if it does not promptly finalize its participation in a major Alaska Liquefied Natural Gas (LNG) project. Speaking to reporters, Trump stated, "If they don't want to do it, that's OK with me. I'll just charge them more." He added, "Tell them if they don't sign shortly, I'm going to double it up." The remarks came amid reports that South Korea is still assessing the project's commercial viability and legal compliance.

The discrepancy between Washington and Seoul follows Trump's announcement of a $50 billion Alaska LNG project, which South Korea has not yet confirmed. South Korean media speculated that Trump's threat to "double it up" might refer to higher tariffs on the country. When asked if he had prematurely announced South Korea's involvement, Trump denied jumping the gun.

Trump also claimed on Truth Social that South Korea's investment deal "keeps getting BETTER," announcing an additional $8.4 billion enhanced oil recovery project. However, South Korean local media reported that this project was not included in the agreements reached between the two countries, and Seoul's industry ministry was seeking clarification from the U.S. through trade channels.