Commodities
Trump's LNG Pipeline Claim Falls Apart Amidst South Korea Denial
US President Donald Trump recently announced that South Korea had agreed to invest $200 billion in energy infrastructure, including a $54 billion investment in the liquefied natural gas pipeline in Alaska.
However, according to Kim Jung-kwan, South Korea's minister of trade, industry and resources, this claim is false.
Kim stated that the Korean government only agreed for the project to proceed if it was commercially viable, not as part of a $200 billion investment package.
The controversy has significant implications for Alaska Senator Dan Sullivan, who has been touting the pipeline as a key economic development opportunity in his state.