Trump Says South Korea to Invest $50 Billion in Alaska LNG; Taiwan Also Pledges Purchases, Equity Investment

President Donald Trump said South Korea will invest $50 billion in the Alaska liquefied natural gas project. He also said Taiwan had pledged large-scale LNG purchases and an equity investment.

Cointelegraph, a cryptocurrency-focused media outlet, reported on Oct. 14 that Trump announced South Korea's planned $50 billion investment in the Alaska LNG project.

Taiwan has pledged $70 billion to $80 billion in LNG purchases, the report said. Separately, it plans a $4.4 billion equity investment.

The announcement included South Korea's investment plan and Taiwan's pledge to buy LNG and take an equity stake. It did not provide a detailed timetable for the investment or the duration of the LNG purchases.