President Donald Trump has increased pressure on South Korea to join the proposed $50 billion Alaska LNG project, warning that Seoul could face higher costs if it delays its participation. Trump said he would “double it up” if South Korea did not sign soon, though he did not clarify what exactly would be doubled.
South Korea remains cautious and is still evaluating the project, with any participation contingent on commercial viability and domestic legal procedures. The Alaska LNG venture represents a significant U.S. effort to expand energy exports to Asia and attract international investment for LNG infrastructure.
Trump also announced an additional $8.4 billion enhanced oil recovery project. However, South Korea’s Industry Ministry reportedly stated it was not part of the agreements reached between Washington and Seoul and has requested clarification from the U.S. These developments highlight discrepancies between Washington’s announcements and Seoul’s position, which maintains some proposed investments are still under review or have not been finalized.
