WHAT YOU NEED TO KNOW
- Trump said Taiwan agreed to purchase 30% of gas from the proposed Alaska LNG project for 20 years.
- The specific terms of the Taiwan agreement cited by Trump were not immediately clear.
- Glenfarne told the U.S. government that the project aims to deliver its first gas in 2029.
- South Korea maintains that its participation in the $50 billion project has not been finalized.
U.S. President Donald Trump said Tuesday that Taiwan has agreed to purchase 30% of the gas from the proposed Alaska LNG project. He presented the commitment during a rally in Alaska as a crucial boost for the pipeline venture.
“Taiwan has just agreed to buy 30% of the gas coming off the pipeline for the next 20 years,” Trump told the rally. “That guarantees a success.”
The announcement put Taiwan at the center of Trump’s effort to secure participation in the Alaska project. However, the specific terms of the Taiwan agreement cited by the president were not immediately clear.
Taiwan’s CPC Corp, an energy company owned by the state, reportedly reached an agreement last year with Alaska Gasline Development Corp. That agreement involved purchasing liquefied natural gas and investing in the pipeline project.
Trump’s latest remarks come as Taiwan faces climbing energy demand linked to growth in artificial intelligence. The island is also home to TSMC, the critical semiconductor company.
Taiwan relies on imports for more than 90% of its energy supply, making access to gas an important issue for the island. This summer, Taiwan projected that its average electricity demand growth rate through 2035 would exceed the rates expected in Japan and South Korea.
Taiwan’s economic affairs ministry said the electricity demand growth rate would rise by about 2.5% annually. That represents the second-highest forecast in the ministry’s history.
Taiwan governs itself democratically but remains under pressure from Beijing, which considers the island part of its territory. Taiwan is also still waiting for major new arms sales from the United States.
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The Alaska LNG project is being developed by Glenfarne. In a report submitted to the U.S. government this month, the developer said the project aims to deliver its first gas in 2029.
Trump’s announcement concerning Taiwan followed his repeated claims earlier this month that South Korea had agreed to participate in the $50 billion project. Seoul, however, maintained that its involvement had not been finalized.
“We’ll also invest $4.4 billion into the project, on top of $50 billion already committed by South Korea to Alaska,” Trump said. The statement reflected his public insistence that South Korea was already committed despite the uncertainty described by Seoul.
TRUMP: TAIWAN TO BUY 30% OF ALASKA LNG FOR 20 YEARS
@POTUS says Taiwan has agreed to purchase 30% of the gas from the Alaska LNG pipeline for the next 20 years and invest $4.4 billion in the project, on top of what he says is $50 billion already committed by South Korea. “That guarantees the success.” “It’s one of the biggest deals ever made.” — Real America's Voice (RAV) (@RealAmVoice) October 14, 2026
Trump has increased pressure on South Korea concerning its potential participation in the Alaska LNG project. Earlier this month, he warned that he would charge the country more if it did not sign soon.
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The president also threatened to double those charges, although he did not specify what would be doubled. That ambiguity prompted speculation in South Korean media that Trump was referring to higher tariffs.
The questions surrounding South Korea’s role have left a contrast between Trump’s public claims and Seoul’s stated position. Trump has repeatedly portrayed South Korean participation as settled, while Seoul has continued to say that no final decision has been reached.
Taiwan’s reported commitment adds another possible source of demand for gas from the project. Trump said the agreement covers 30% of the gas produced by the pipeline over the next 20 years, although further terms were not disclosed.
The White House did not immediately respond to CNBC’s request for comment about the announcement. Taiwan’s energy ministry and CPC Corp also did not immediately provide responses.
For now, Trump is publicly promoting Taiwan’s commitment as a guarantee of success for the proposed project. The central details remain limited to his announcement, the reported agreement reached last year, and his description of a 20-year purchasing arrangement.
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