Watch live: Trump, Lutnick to announce major US energy investments — SkimNews
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- Trump is expected to announce a major boost for the long-planned Alaska natural gas pipeline during remarks on Wednesday, alongside Lutnick.
- South Korea will commit $54 billion toward the Alaska LNG project, according to a White House official.
- The South Korean commitment is part of a broader $200 billion investment package in U.S. energy projects.
- The Alaska LNG pipeline had been 'long-planned' before Wednesday's announcement, suggesting the deal represents a breakthrough for a previously delayed infrastructure project.
Why it matters: South Korea's $54 billion pledge — roughly a quarter of the $200 billion broader U.S. energy investment package — provides the financial commitment needed to move the long-delayed Alaska LNG pipeline forward, while locking South Korea into a major long-term role in U.S. energy supply.
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