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US President Donald Trump announced at an Alaska rally on Tuesday that Taiwan has agreed to purchase 30 per cent of the natural gas output from a proposed 20-year liquefied natural gas (LNG) pipeline project, claiming the deal “guarantees success.”
The proposed 1,300-kilometre (800-mile) pipeline will carry natural gas from northern Alaska’s vast reserves to the southern coast, where processing facilities will convert the gas into liquefied natural gas (LNG) for export.
The assertion follows Trump’s previous claims that South Korea committed $50 billion to the $50 billion project, even though officials in Seoul maintained that their participation remains unfinalised.
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Meanwhile, project developer Glenfarne informed the US government this month that it targets 2029 for first gas delivery.
While the exact terms of the Taiwan agreement remain unverified, the state-owned CPC Corp. previously reached a preliminary deal with the Alaska Gasline Development Corp. to procure LNG and invest in the pipeline.
Driven by AI-related semiconductor production, Taiwan relies on imports for over 90 per cent of its energy needs and projects electricity demand to grow by 2.5 per cent annually through 2035—outpacing growth rates in Japan and South Korea.
Concurrently, Trump escalated diplomatic pressure on South Korea, threatening to double unspecified charges against Seoul if it fails to sign the project quickly.
The White House, Taiwan’s Economic Affairs Ministry, and CPC Corp. have not yet officially commented on Trump’s statements.
