By THE ALASKA STORY
Oct. 14, 2026 – President Donald Trump used his Tuesday rally in Wasilla to announce that Taiwan would purchase 30% of Alaska LNG’s production for 20 years, giving the proposed North Slope gasline a prominent endorsement before thousands of Alaskans.
“Taiwan has just agreed to buy 30% of the gas coming off the pipeline for the next 20 years,” Trump said at the Curtis Menard Center.
By Wednesday, Taiwan’s Ministry of Economic Affairs had provided additional details: State-owned CPC Corporation plans to purchase 6 million metric tons of LNG annually once production begins and participate in the project with an investment of up to $4.4 billion, which is what Trump indicated. The ministry said negotiations and evaluation had made significant progress.
The announcement builds on an agreement that dates back to March 2025. CPC signed a nonbinding letter of intent with the Alaska Gasline Development Corporation covering purchases of 6 million metric tons annually for 20 years, along with potential investment in the project. Those proposed purchases represent 30% of Alaska LNG’s planned annual export capacity of 20 million metric tons.
AGDC welcomes Trump’s gasline remarks, outlines protections for Alaska
Taiwan’s subsequent statement described progress toward purchases and investment.
Glenfarne, Alaska LNG’s lead developer, has been working to convert preliminary customer commitments into binding agreements. Earlier this year, company executives said they sought contracts covering at least 80% of the project’s export capacity to support financing.
For Alaska, the project would create a route to move North Slope natural gas south through an approximately 800-mile pipeline, supplying gas for in-state use and feeding a proposed LNG export terminal at Nikiski. The full development is estimated to cost between $44.5 billion and $54.5 billion.
Taiwan’s interest also reflects the project’s geographic advantage. Alaska LNG could reach Asian customers directly across the Pacific, avoiding the Panama Canal. Taiwan’s ministry said that route would help diversify supplies and reduce geopolitical risks.
Trump has also promoted South Korean investment in Alaska LNG, although Seoul has said its participation still remains subject to a review of the project’s commercial viability.
6 thoughts on “Trump says Taiwan will buy 30% of Alaska LNG output; Taiwan outlines $4.4 billion investment plan”
Woo woo! And he also repeated his promise we will each get $5 grand apiece (wow!) if enough Republicans are elected to control both the US House and Senate.
I’d accept $5 dollars just to make sure the mean Bethel (female Indian) **** gets beat by Dan S. Sullivan.
We can all be joyful that Taiwan didnt take issue with President Trump’s remarks last night. The commitment is up to 4 billion as I understand it. And the offtake plan if the pipeline is constructed is nothing new. That still leaves 50 billion to final investment decision, presumably from South Korea. Which still has not walked back its on the record position that Trump misrepresented the state of play. I’ve seen clippings indicating that VP Vance said in Fairbanks that if the current South Korea government doesnt play, the next one will. Their President is next up for election in 2030. And South Korean media is editorially urging the leadership not to be rolled by the President. There are a lot of reasons to support Dan Sullivan’s re-election. But everyday leaves me more convinced that President Trump’s efforts to bolster his chances are in fact diminishing them. Of yeah, there was talk about “federalizing” the gas line last night. What the heck does that mean?
The economics of an Alaska Gasline are marginal at best. Otherwise, it would have been built by the gas owners; Exxon, Conoco, Hilcorp etc. years ago. Why has the Alaska gas line been uneconomic? Primarily because the competing gas supplies Canada, Indonesia, Australia, Russia and Qatar are geographically closer to the Asian delivery points and also, they don’t need 800 + miles of expensive pipe and compressor stations to get the LNG to tidewater and on a tanker. Getting the Asians to pay maybe a 10% to 20% premium over LNG market rates (delivered) may make the gas line economically favorable enough to get it built, only if the Asian countries are paying the premium for a US secure energy source and maybe better terms on US tariffs for other trade goods.
Unlike the oil pipeline, because of the marginal economics of a gas line, there is not a lot of room for property taxes and other taxation from the State of Alaska and local governments. The affected communities, Kenai primarily, need taxes or some other form of payment to offset the negative impact of the large workforce influx. Other communities that will see little or zero negative impact should not be able to tax the gas line in any way.
If the current and future State politicians don’t understand the economics and try to gouge and weasel every dime out of the gas line project, they could easily kill it. Just building a gas line will be extremely beneficial for the State, providing the State government a means of getting their roughly 12 to 15% royalty gas ownership to market, not to mention all of the other non-cash intangible benefits.
If the current batch of mostly socialist legislators don’t get it, or have other nefarious reasons (human induced global warming hoax) for trying to kill the gas line, then hopefully the Project gets Federalized and all the greedy Alaskan politicians have no way of extorting the project for unreasonable profit.
President Donald Trump on Wednesday said the government of Taiwan committed to purchasing billions worth of liquified natural gas from a proposed Alaska energy pipeline, despite the fact that funding for the project is still in dispute.
In a post on Truth Social, Trump claimed that Taiwan agreed to buy up to $80 billion worth of liquified natural gas from the long-stalled pipeline in what he called the “largest Offtake Agreement in History.” He also said the country agreed to invest $4.4 billion in equity into the project because it was “now a U.S. Federal Government Project.”
“This is the GREATEST Project in Alaska History, and this only happens with me in the White House,” Trump wrote.
Trump is a liar. Why MAGA exists at all is astonishing.
It would seem that if we can get a majority of the gas pre-sold, then Alaska should be able to sell bonds to finance the construction without foreign investment. What am I missing?