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Aug 25, 2026

Trump plugs $54 billion natural gas project in Alaska, flanked by a senator in a tight race

WASHINGTON (AP) — President Donald Trump said South Korea plans to invest about $54 billion in a natural gas project in Alaska, an announcement he made in the Oval Office on Wednesday flanked by a Republican senator who has found himself in a tough reelection race in the state.

But while Trump and Alaska Sen. Dan Sullivan — a two-term senator and long-time advocate for the pipeline project — described it as a fait accompli, South Korean officials were more cautious, saying they needed to assess the project’s commercial viability before committing to the investment.

The announcement was the second time in three days that the president used promises of big projects to try to elevate Senate candidates in states where Trump won comfortably each time he has run — but where Republicans are now in surprisingly competitive races just weeks ahead of the Nov. 3 midterm elections. On Monday, Trump made a similar-styled announcement about a massive steel plant in Iowa.

But South Korea’s participation in the Alaska project — an 807-mile (1,300-kilometer) pipeline connecting Alaska’s North Slope to a liquefied natural gas export terminal in the southern part of the state —“has not been finalized,” said Han Jeoungae, secretary-general of South Korean President Lee Jae Myung’s liberal Democratic Party. She said that she believes Trump’s comments were “intended to emphasize the U.S. position.”

“We will decide whether to invest in the Alaska LNG project only after thoroughly reviewing it in accordance with our domestic legal procedures and based on the principle of commercial viability,” she wrote on Facebook.

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