U.S. Vice President JD Vance: "Alaska LNG project requires detailed consultations with South Korea"

[Financial News]  

U.S. Vice President JD Vance said on the 5th (local time) that the Alaska LNG pipeline project would move forward, while noting that some details still needed to be discussed with South Korea.
President Donald Trump previously said that South Korea had finalized a $200 billion investment, including the Alaska pipeline. After the South Korean government immediately countered that the Alaska LNG project had not yet been finalized, Trump suggested that tariffs on South Korea could be raised, saying that the United States could charge South Korea more in that case.
According to the U.S. industry online outlet Pipeline & Gas Journal, Vance, unlike Trump, did not say that South Korea's investment had been finalized. Instead, he stated, "I think it is something that will become a reality," adding, "However, to make that happen, there are still some details that need to be worked out, and South Korea has also mentioned them."
Vance nevertheless emphasized that the Alaska LNG project is clearly profitable. He said there is strong demand for U.S. natural gas and that the project will ultimately move forward because demand exists for Alaska LNG.
The Alaska LNG development project involves building an approximately 1,300-kilometer pipeline and other infrastructure to transport natural gas produced in the far northern North Slope to Nikiski, a southern port.

[email protected] Song Kyung-jae Reporter