Veytics Intelligence
2026-10-02 · CNBC

Trump wants South Korea in on Alaska LNG. Here’s why Seoul is cautious

South Korea is taking a cautious approach to the long-planned Alaska liquefied natural gas project, despite U.S. President Donald Trump touting it as part of Seoul's $200 billion investment package in the U.S. Trump said late Wednesday that the two countries had agreed to work on the $50 billion project, but South Korean President Lee Jae Myung pushed back, saying South Korea's participation would hinge on its financial viability and legal compliance. At the heart of the debate is the scale and cost of getting Alaska's vast natural gas resources to overseas buyers.

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