1 October 2026
US President Donald Trump’s push to steer $54 billion of South Korean investment into Alaska LNG is putting a fresh focus on a 20 million-ton-a-year export project that would cost more than twice as much as a comparable US Gulf Coast plant.
Trump unveiled the plan on Wednesday as part of a broader $200 billion South Korean package. Seoul quickly said it had not yet decided whether to fund Alaska LNG and would first review the project’s commercial viability.
“The question is whether Asian buyers are willing to pay a premium in exchange for security of supply. So far, we have not seen evidence of that,” said Jason Feer, head of business intelligence at Poten & Partners.
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