Donald Trump declared during a Republican rally held in Alaska this Tuesday that Taiwan has signed an agreement to acquire 30% of the gas transported by the Alaska LNG pipeline over two decades, also committing to invest $4.4 billion in the project.
The US President stated that Taiwan's acceptance to buy 30% of the gas produced by the pipeline over the next 20 years ensures the success of the project, classifying it as one of the largest agreements ever made. He emphasized that payment will be made during this twenty-year period, guaranteeing the completion of the deal.
Previously, Taiwan's state energy company, CPC Corporation, had only presented a letter of intent to invest in the project in March 2025. However, according to Trump, a formal investment commitment of $4.4 billion (equivalent to 3.926 million euros) was signed to hold 30% of Alaska LNG and remain a shareholder for two decades.
Trump expressed gratitude to Republican Senator Dan Sullivan for helping finalize the agreement, referencing the 'real Dan Sullivan' in contrast to a namesake opponent in the November elections. He also praised Congressman Nick Begich for his work in Congress.
Additionally, Trump mentioned that this new agreement is added to the more than $50 billion (44.615 billion euros) that South Korea plans to invest in Alaska LNG, an amount disclosed on September 30th, according to the White House. However, Seoul reported that such investment is not yet confirmed and depends on the commercial viability of the project.
The Alaska project, which had been awaiting funding for years, has been subject to questions regarding its costs and commercial viability. Trump defended the initiative as a strategy to boost American energy exports and strengthen ties with Asian partners.
On the same day, the President called on the people of Alaska to vote for Measure 2. If approved, this measure would repeal the electoral system adopted in 2020, which includes open primaries where the four highest-voted candidates advance to the general election, even if belonging to the same party, and ranked-choice voting in the general elections. Trump classified the current system as 'a fraud, it is a Democrat fraud,' alleging he asked the state federal prosecutor to prevent any type of fraud.
Other actions taken by the President included signing two pardons granted to three co-owners of a vehicle repair shop who were found guilty in 2022 for violating the Clean Air Act; two of the individuals targeted were present at the event.
Trump's visit to Alaska also aimed to support Senator Dan S. Sullivan, who seeks a third term in a race where Democrats see a chance to regain control of the Senate, despite the state not having elected a Democrat to the Senate in almost twenty years. In the Senate race, Sullivan faces a namesake, former Democratic Representative Mary Peltola, and Republican Gerald Heikes.