Trump Announces $80B Taiwan Alaska LNG Deal
President Donald Trump has announced another blockbuster energy deal, revealing that Taiwan has agreed to purchase between $70 billion and $80 billion worth of liquefied natural gas from the proposed Alaska LNG project over the next two decades. The president unveiled the agreement on Truth Social on October 14, calling it the largest LNG offtake agreement in history.
The announcement came a day after Trump’s campaign rally in Wasilla, Alaska, where the president pitched the Alaska LNG project as the largest energy infrastructure project in the state’s history. Commerce Secretary Howard Lutnick, who traveled with the president, secured the commitment from Taipei as part of the administration’s broader push to turn Asian investment pledges into American energy and construction projects.
30% of the Pipeline for 20 Years
Under the deal, Taiwan would buy 30 percent of the Alaska LNG project’s output for 20 years — a commitment Trump says would lock in decades of demand and guarantee the project’s success. On top of the purchase commitment, Taiwan has also agreed to put $4.4 billion of equity directly into the development.
Trump emphasized that the project is now effectively a U.S. federal government project, with all necessary permits secured and authorizations delivered. That framing is meant to signal that the bureaucratic delays that have kept the Alaska pipeline on the drawing board for years are finally over.
Why Taiwan Is Turning to Alaska
The timing is no accident. With tensions around the Strait of Hormuz threatening global energy supply chains, Asian importers are scrambling to lock in long-term, conflict-free sources of natural gas. Taiwan, which imports nearly all of its energy, sees Alaska as a stable, friendly supplier.
Taiwan’s Ministry of Economic Affairs confirmed the plans the same day, saying state-owned CPC Corp would purchase about 6 million metric tons of Alaska LNG each year once production begins. The ministry also said CPC would participate in the project’s development, with deliveries potentially starting as early as 2032 if construction stays on schedule.
Taipei noted that final investment arrangements, ownership stakes, and commercial terms are still being negotiated — a normal part of projects at this scale — while the broad commitment and volumes are now public.
A $130 Billion Alaska Energy Week
The Taiwan announcement is part of a flurry of Alaska energy commitments this week. Trump also cited a $50 billion South Korean infrastructure investment in the Alaska LNG project, part of Seoul’s broader trade and investment deal with Washington.
Together, the Korean and Taiwanese commitments add up to roughly $130 billion tied to the Alaska project. The proposed development, led by the Glenfarne Group, would move natural gas from Alaska’s North Slope through an 800-mile pipeline to a liquefaction terminal on the state’s southern coast, with planned export capacity of 20 million metric tons per year.
The Road Ahead
The Alaska LNG project still has a long road from announcement to first shipment. Financing, engineering, and construction will take years, and the exact pricing formula for Taiwan’s purchases has not been disclosed. But the direction of travel is unmistakable: the administration is stacking up Asian capital behind American energy, and Alaska’s long-dormant pipeline dream is closer to reality than it has ever been.
For American workers, the promise is clear: thousands of construction jobs, a new export industry, and an energy project that keeps dollars — and demand — flowing through the United States for decades.
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