Alaska Seeks Asian Support for $44 Billion LNG Export Project

Governor Mike Dunleavy of Alaska is spearheading efforts to secure Asian investment and long-term buyers for a $44 billion LNG project. Focused discussions are being held in Japan, Taiwan, and South Korea, amidst rising trade pressures from the U.S., aiming to bolster economic ties through energy exports.

Alaska's Governor, Mike Dunleavy, is working to secure Asian backing for a $44 billion liquefied natural gas (LNG) export project. This move is part of the Trump administration's broader efforts to enhance trade relations and manage tariffs. Dunleavy seeks participation from Japan, South Korea, and Taiwan.

During his trip through Asia, Dunleavy engaged with heads of the state-run Alaska Gasline Development Corporation and the Glenfarne Group, holding talks with officials in Taiwan, Thailand, South Korea, and Japan. Although investment agreements with Japan and South Korea remain elusive, Taiwan has shown commitment with a letter of intent to purchase 6 million metric tons of LNG annually.

With a proposed pipeline spanning 1,300 kilometers, the project aims to transport natural gas from Alaska's remote north to the south for liquefaction and export to East Asia by 2030. The U.S. remains hopeful for more Asian investment, particularly from Japan, which could help realize the project's potential economic impact.

(With inputs from agencies.)