United States uses tariff pressure to secure investment for Alaska LNG project
The United States government is using tariff pressure to encourage South Korea to invest in the proposed Alaska LNG infrastructure project.
FTMQ Climate, written by our newsroom0 views
United States tariff pressure is pushing South Korea to consider investing in the long-delayed Alaska LNG project, Oilprice reported. President Donald Trump has used tariff threats to encourage foreign partners to fund the initiative. However, South Korea's conditional interest remains insufficient to finance the venture, which carries an estimated cost of up to 54 billion dollars. [1]
The proposed infrastructure project involves an 807-mile natural gas pipeline stretching from Prudhoe Bay on the North Slope of Alaska to a planned export terminal in Nikiski on the Kenai Peninsula. The state-owned Alaska Gasline Development Corporation manages the overall project. [6]
Devdiscourse reported that United States Vice President JD Vance stated that details regarding the proposed natural gas pipeline still need to be worked out. Meanwhile, Kyunghyang Shinmun reported that a former Alaska gas coordinator warned that the project is too risky and urged South Korea to exercise caution. [3][4]
In short
- The Alaska LNG project could cost up to 54 billion dollars.
- The proposed natural gas pipeline spans 807 miles from Prudhoe Bay to Nikiski.
- The project is managed by the state-owned Alaska Gasline Development Corporation.
- United States tariff pressure is being used to encourage foreign investment from South Korea.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Who Is Going to Pay for Alaska LNG?Oilprice, 4h ago (the report this story comes from)
- [2]Who Is Going to Pay for Alaska LNGCrude Oil Prices Today | OilPrice.com, 4h ago
- [3]Former Alaska gas coordinator warns LNG project is ‘too risky,’ urges South Kore경향신문, 10h ago
- [4]Vance says details of proposed Alaska LNG pipeline need to be worked outDevdiscourse, 1d ago
Background
- [5]Who Goes There? on Wikipedia
- [6]Alaska LNG on Wikipedia
Our newsroom writes these reports with the help of software, from the 6 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Climate
Earlier reports of ours on the same people and subjects.
More in Oil & Gas
- Rockhopper commits 44 million dollars for Falkland Islands oil vessel3h ago
- Oil prices decline despite rising security threats in the Strait of Hormuz3h ago
- ConocoPhillips signs 20 year supply deal with Venture Global1d ago
- Chinese independent refiners purchase Iraqi crude following United States Iranian blockade1d ago
- Middle East Oil Exports Rebound Despite Continued Strait of Hormuz Disruptions2d ago
- European Union considers one year delay to methane import rules2d ago
Get the day in one email
Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.
Comments
Loading
Join the conversation
Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.
Already on the list? Enter the same address and we will send a sign-in link.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.