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ReportedShipping, energy & marketsTaiwan and Alaska, United States

Trump announces Taiwan commitment to buy Alaska LNG

Mountain Time
Local time
9:00 PM UTC
Where
Taiwan and Alaska, United States

President Donald Trump said Taiwan would buy $70 billion to $80 billion of Alaska LNG over 20 years, covering 30% of the planned project’s output, and invest $4.4 billion. Taiwan’s Ministry of Economic Affairs confirmed plans to purchase about 6 million tonnes annually and invest up to $4.4 billion, OilPrice.com reported.

Why it matters

The prospective long-term supply deal would give Taiwan an alternative LNG source as Asian buyers seek routes and supplies less exposed to disruption around the Strait of Hormuz.

Source

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels