Top U.S. energy officials will host an event on June 2 in Alaska to promote the $44-billion Alaska LNG project, aiming to attract investment from key Asian partners including South Korea, Japan, and Taiwan, sources told Reuters.
The event, organized by the U.S. Department of Energy and the Department of the Interior, will feature Energy Secretary Chris Wright and Interior Secretary Doug Burgum. It highlights Washington’s push to secure foreign backing for the massive liquefied natural gas project led by the state-run Alaska Gasline Development Corporation (AGDC).
The Alaska LNG project plans to transport natural gas from Alaska’s North Slope to domestic markets and export terminals, with a strong focus on shipping LNG to U.S. allies in the Asia-Pacific region.
U.S. officials toured Asia earlier this year to rally investment interest. The Trump Administration has backed the project as part of broader efforts to expand LNG exports and reduce trade imbalances with allies like Japan and South Korea.
So far, Taiwan is the only country that has made a firm commitment. In March, Taiwan’s state-owned CPC Corporation signed a letter of intent to invest in and purchase LNG from the Alaska project to strengthen its energy security.
Despite its early support, Taiwan faced a now-suspended 32% tariff on U.S. imports, raising concerns over fair treatment. Japan and South Korea, two major LNG importers, have yet to commit, even after extended outreach from U.S. officials.
Sources say the upcoming event is unlikely to yield major investment announcements due to uncertainty over which senior Asian officials will attend.
The U.S. sees the Alaska LNG project as a strategic opportunity to strengthen energy ties with allies and boost American energy exports, but securing firm commitments remains a challenge.
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