Vice President Vance says detailed consultations with Korea are needed regarding the Alaska LNG project
The Alaska LNG project still has issues to coordinate with Korea Quickly check the project’s variables and outlook as investment and commercial viability are reviewed
U.S. Vice President J.D. Vance said that there are still details to be worked out with South Korea regarding the Alaska liquefied natural gas (LNG) development project.
According to Reuters, Vice President Vance told reporters at Joint Base Andrews near Washington on the 5th (local time) that, when asked about the feasibility of advancing the project, the South Korean side also said there were still several issues remaining.
The Alaska LNG project is a plan to transport natural gas produced in the North Slope in the north via a pipeline of about 1,300 km to Nikiski in the south, liquefy it there, and then export it overseas, including to Asia. Earlier, President Donald Trump said that South Korea would invest about $54 billion in the project, but the South Korean government said it has not yet finalized whether it will invest or the scale of any investment. The Ministry of Trade, Industry and Energy said it would make a decision after reviewing commercial viability and following domestic procedures.