New york: The United States is actively engaging with South Korean, Japanese, and other companies regarding the Alaska liquefied natural gas (LNG) project, as confirmed by Energy Secretary Chris Wright. Discussions are underway with expectations that construction will commence within the next 12 months.
According to Yonhap News Agency, Wright shared these details during a press conference in New York. The initiative is part of U.S. President Donald Trump's administration's efforts to attract investment from South Korea, Japan, and other Asian countries in a project designed to link the North Slope's extensive natural gas reserves to southern Alaska for export purposes.
Wright emphasized the involvement of multiple companies from Japan, Korea, and other Asian regions, suggesting a positive outlook for the Alaskan LNG project. "I think the prospects for Alaskan LNG look quite strong, so I think that project should be under construction in the next 12 months-ish," Wright remarked during the briefing at the Foreign Press Center in New York.
He further noted the strategic advantage of the project's location, highlighting its proximity to East Asian allies such as Japan. Wright assured that the gas exported from this project would be competitively priced compared to gas from other LNG export terminals.
The Alaska LNG project is projected to exceed a cost of US$40 billion. This initiative aligns with President Trump's agenda promoting "energy dominance" for America.