Trump Set to Announce $54 Billion South Korean Investment in Alaska Gas Project

US President Donald Trump plans to announce on Wednesday a South Korean investment of about $54 billion in a project to export natural gas from Alaska.

The planned investment forms part of commitments linked to the trade agreement between the United States and South Korea, tying the energy project to the countries’ broader economic relationship.

The Alaska project is intended to supply natural gas for export. The summary of the planned announcement does not specify which South Korean companies or institutions would provide the funding.

Details of the investment timetable and financing arrangements were also not provided. Trump’s expected announcement concerns investment plans, rather than confirmation that the money has already been committed to the project.