Menu

Search

  |   Politics

Menu

  |   Politics

Search

Japan, South Korea Eye Partnership in Alaska LNG Pipeline with U.S.

Japan, South Korea Eye Partnership in Alaska LNG Pipeline with U.S.. Source: Srishti Sethi, CC BY-SA 4.0, via Wikimedia Commons

Japan, South Korea, and other nations are exploring a partnership with the United States to invest in a massive liquefied natural gas (LNG) pipeline in Alaska, according to U.S. President Donald Trump. Speaking before Congress, Trump claimed these countries could contribute “trillions of dollars each” to the project, which he described as one of the world’s largest pipelines.

South Korea’s Industry Minister Ahn Duk-geun confirmed that Washington has approached Seoul and other nations about joining the Alaskan LNG initiative. He noted that both countries have agreed to establish a working-level group to discuss key issues, including energy, shipbuilding, and trade barriers. Ahn previously visited Washington, seeking exemptions from Trump’s tariffs, which could significantly impact South Korea’s economy. During his visit, he expressed South Korea’s interest in the $44 billion project, according to Yonhap News Agency.

White House National Energy Dominance Council Co-Chair Doug Burgum emphasized that the 800-mile pipeline would enhance U.S. energy exports while generating revenue for the U.S. Treasury. Despite cost and logistical challenges, the proposal has attracted interest from Japan, South Korea, and Taiwan, as they aim to boost U.S. gas imports.

While Japan has not yet confirmed participation, officials have agreed to evaluate the opportunity. Japan’s trade minister is set to visit Washington this month to discuss tariff exemptions and potential LNG purchases.

As the U.S. seeks to expand its energy dominance, this project could strengthen ties with key allies while positioning American LNG as a critical player in the global energy market.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.