Trump announces deal with Taiwan to spend billions on Alaskan gas pipeline

DAILYMAIL.COM • 2h ago

By WILKO MARTÍNEZ-CACHERO, US REPORTER 04:51 14 Oct 2026, updated 05:05 14 Oct 2026

President Donald Trump announced Tuesday that Taiwan had agreed to buy 30 percent of the gas from an Alaska pipeline project.

Trump said the agreement was ‘for the next 20 years’ and that it was ‘one of the biggest commitments in history for anything.’

The President was speaking at a campaign rally in Wasilla, Alaska, when he revealed the deal concerning the Alaska liquefied natural gas (LNG) project.

Trump added that Taiwan would also be investing $4.4 billion into the pipeline.

The roughly 800-mile-long pipeline would export up to 20 million metric tons of the LNG a year.

Taiwan Premier Cho Jung-tai said that the government’s job was to ‘stabilize the entire energy supply and build its resilience, like governments everywhere,’ according to Reuters.

However, Taiwan’s economic ministry, which is in charge of the country’s energy policy, had no immediate comment.

Trump also said that South Korea had committed to investing $50 billion into the pipeline. The project is expected to cost between $44.5 billion and $54.5 billion.

He suggested the deal he was referring to guaranteed the success of the pipeline.

Trump called the Alaska pipeline a ‘historic federal project’ as he also credited Sen. Dan Sullivan, a Republican, for working on the project ‘for years.’

‘He finally had the President to get it done,’ Trump added.

Trump said at the rally that ‘all’ necessary federal permits had been granted for the pipeline.

In February, Taiwan said that it would increase its purchases of US natural gas to make up about a third of the island’s imported supply last year.

CPC Corp, a Taiwan state energy firm, signed a deal with Alaska Gasline Development Corp last year to buy LNG and invest in the pipeline project.

Taiwanese President Lai Ching-te said at the time that the investment would ensure the island’s energy security.

Pan Men-an, Taiwan’s Presidential Office Secretary-General, also visited the site of the proposed project in Alaska in June 2025.

The pipeline would effectively allow for US-made LNG to reach Asian markets, including Taiwan, without going through the Panama Canal or around the Horn of Africa.

State legislators have criticized the costs behind the pipeline, according to Alaska Public Media.

The developer, Glenfarne, said the first phase of the project, which is the pipeline itself, would likely cost between $13.2 and $16.9 billion.

In total, the full project is priced from $44.5 billion to $54.5 billion, the developer added.

The project is 75%-owned by Glenfarne Group, with the state of Alaska holding the rest through the state-owned Alaska Gasline Development Corporation.

South Korea has since said that ‘no decision has been made on whether to invest or on the size of the investment,’ Reuters reported.

‘If they don’t want to do it, that’s okay with me,’ Trump told reporters on October 2. ‘I’ll just charge them more.’

The Daily Mail has reached out to the White House for further comment.

Pictured: Man mauled to death by tiger at Yorkshire zoo as video shows moment he walked up to the 30…

Family of 24-year-old mauled to death by tiger at Yorkshire zoo pay tribute to ‘bright young man’…

How traditional British surnames are dying out: Khan, Ahmed and Ali enter top 10 baby names and…

Civil servant used remote working to fraudulently hold down FIVE government jobs at the same time,…

IT specialist father-of-two, 42, named as man who plunged to his death from Six Flags Over Georgia…

Dad who fell to his death from Six Flags roller coaster levitated and made eye contact with other…

Michael Gove’s Oxford don ex-girlfriend is facing trial for possession of child abuse images

AI ‘superchargers’ terrorism threat: MI5 chief delivers chilling warning that enemies will use tech…

Woman crushed to death by suicidal jumper from 11th floor in Japan – but he survives: Father demands…

Pope Leo has lung cancer, Vatican confirms: Pontiff is diagnosed after operation

Harry and Meghan are set to cash in on their royal connections like never before. They seem to think…

Parents who died alongside two of their children in ‘arson’ attack on their home are named – as…

London council shames fly-tippers by posting photos of them dumping rubbish after announcing…

The Badenoch bounce! Kemi boasts of ‘more to come’ as poll shows Tories leapfrogging Reform after…

Man who fell to his death from Six Flags roller coaster was riding with his son while wife and…

Katie Price says she was using a ‘figure of speech’ when she told girl, 13, ‘raped by Kieran Hayler’…

Trump announces Taiwan will spend billions on Alaskan gas pipelineComments are subject to our House rules and TermsNewest{{#isModerationStatus}}{{moderationStatus}}

No one seems to have shared their thoughts on this topic yetLeave a comment so your voice will be heard first.

{{upVotes}}{{downVotes}}{{#replies.comments}}{{^isLast}}{{initials}}{{userAlias}}, United Kingdom, {{formattedDateAndTime}}{{message}}

{{upVotes}}{{downVotes}}{{/isLast}}{{#isLast}}{{initials}}{{userAlias}}, United Kingdom, {{formattedDateAndTime}}{{message}}

{{upVotes}}{{downVotes}}{{/isLast}}{{/replies.comments}}{{/replies.totalCount}}{{^replies.totalCount}}{{initials}}{{userAlias}}, United Kingdom, {{formattedDateAndTime}}{{message}}

{{upVotes}}{{downVotes}}{{/replies.totalCount}}{{/isComment}}The opinions and views expressed in the comments section are solely those of the individual users and do not represent or reflect the opinions, views, or positions of MailOnline. MailOnline does not endorse, support, or verify the accuracy of any user-generated content.Terms|Privacy|FeedbackOldest{{#isModerationStatus}}{{moderationStatus}}