Trump warns South Korea of higher costs over Alaska LNG project delays
US President Donald Trump has intensified pressure on South Korea to commit to the Alaska LNG project, warning of higher costs if Seoul delays its decision. Speaking at the White House on Friday, Trump dismissed claims that he prematurely announced South Korea's participation, stating that the country was represented in discussions. He hinted at financial consequences if South Korea does not sign on soon, though the specifics remain unclear.
The remarks follow Trump's earlier announcement of a $350 billion investment package from South Korea in US energy infrastructure, including over $50 billion for the Alaska LNG project. Other projects in the package include eight nuclear reactors and a $22.3 billion gas-fired power complex in Texas. However, South Korea has not yet finalized its involvement in the Alaska project, citing ongoing negotiations and feasibility reviews.
Trump's comments mark a significant escalation in pressure on South Korea, which has stressed that any decision on the Alaska LNG project remains subject to further negotiations and legal requirements. The project is described by US officials as a roughly $54 billion development, but Seoul has yet to confirm its commitment or the extent of its investment.