Trump says Taiwan agreed to buy 30% of proposed Alaska LNG output

U.S. President Donald Trump said Taiwan has agreed to buy 30% of the liquefied natural gas from the proposed Alaska LNG project for 20 years and invest $4.4 billion in it, although Taiwan said key terms remain under negotiation.

Speaking at a rally in Wasilla, Alaska, on Tuesday, Trump presented the commitments as a major step for the project. Taiwan’s Ministry of Economic Affairs said state-owned CPC Corp would purchase 6 million tonnes of LNG annually once production begins, consistent with a letter of intent signed in March 2025, and was considering an investment of up to $4.4 billion.

The ministry said specific investment arrangements, equity stakes and other terms would be settled through further negotiations and commercial contracting. It did not confirm that a binding sale-and-purchase agreement had been signed. If the project proceeds on schedule, Taiwan could begin receiving gas as early as 2032, it said.

The project proposes a roughly 1,300-kilometre pipeline carrying gas from northern Alaska to an export terminal in the south, with planned output of up to 20 million tonnes annually.

Trump also repeated that South Korea would invest $50 billion in the project as part of its trade agreement with Washington. Seoul, however, has said no final investment decision has been made and that participation depends on a commercial viability review. A bilateral fact sheet says work on the project is subject to commercial reasonableness and domestic legal requirements.