Trump says South Korea should pay double for Alaska LNG project
Quick Look
US President Donald Trump said that South Korea should pay twice for the LNG project in Alaska if an agreement is not reached with the US, but South Korean Minister of Industry and Trade Kim Jong-kwan denied the existence of specific agreements on the amounts and details of the project.
AI-generated summary
Why It Matters
The United States and South Korea are discussing cooperation on LNG projects in Alaska as part of energy security and bilateral trade.
US President Donald Trump said South Korea will have to pay twice as much for an LNG project in Alaska unless an agreement is reached with the US.
South Korean Minister of Industry and Trade Kim Jong-kwan said that the parties did not agree on any specific figures and details of the project.
WASHINGTON, October 2 - RIA Novosti. US President Donald Trump said that South Korea will have to pay twice as much if an agreement is not reached with the United States on an LNG project in Alaska.
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"If they don't want to do it, I'll just charge them more. Tell them if they don't sign soon, I'll double it, okay?" - Trump told reporters at the White House when asked to comment on the situation.
Trump rejected the idea that he had rushed things with his earlier words. He added that the Korean side was represented at the event, where he made an announcement.
On Wednesday, the American president said the Republic of Korea will invest $54 billion in an LNG project in Alaska. However, later the Minister of Industry and Trade of South Korea, Kim Jong-kwan, said that the parties had not agreed on any specific figures and details of the project.
What to Watch
AI outlook — possibilities, not facts
The parties will reach a preliminary agreement on the LNG project within the next month
Possible · Within weeks
Open Questions
- What exact amounts and terms are being discussed within the LNG project?
- What terms did each party offer in the negotiations?
- Will the project be implemented regardless of the current controversy?
