Gas
Taiwan agrees to buy gas from Alaska LNG project, Trump says
United States President Donald Trump announced that Taiwan will purchase 30 percent of the gas from the proposed Alaska pipeline project.
Key points
- Taiwan reportedly commits to a 20-year offtake agreement and a 4.4 billion US dollar investment.
- Project developer Glenfarne aims to deliver first gas from the Alaska pipeline in 2029.
- Taiwan imports over 90 percent of its energy, driven by rising demand from AI growth and semiconductor manufacturing.
What happened
United States President Donald Trump stated during a rally in Alaska that Taiwan has agreed to purchase 30 percent of the gas produced by a planned liquefied natural gas pipeline project, according to CNBC and Reuters reports. President Trump stated that the arrangement includes a 20-year commitment alongside a 4.4 billion US dollar investment in the infrastructure development.
Reuters and CNBC noted that official terms were not immediately clear, and representatives for Taiwan's energy ministry, CPC Corp, and the White House did not immediately respond to requests for comment. State-owned CPC Corp previously reached a preliminary understanding with the Alaska Gasline Development Corp regarding purchases and investment.
Why it matters
Taiwan relies on imports for more than 90 percent of its energy supply. Energy demand on the island has risen due to artificial intelligence-related growth and the requirements of semiconductor manufacturer TSMC. Taiwan's economic affairs ministry projected that average electricity demand growth through 2035 will reach approximately 2.5 percent annually.
President Trump also addressed South Korea's potential involvement in the 50 billion US dollar project, citing previous discussions regarding Seoul's participation. Project developer Glenfarne submitted a report to the US government indicating an operational target of delivering the first gas in 2029.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
- ReutersTaiwan cites progress on Alaska LNG after Trump says it will buy 30% of output
- CNBCTaiwan agrees to buy 30% of gas from Alaska LNG project, Trump says
- Investing.comTrump says Taiwan agrees to buy 30% of LNG from Alaska pipeline project By Reuters
- Anadolu AjansıTrump says Taiwan agreed to buy 30% of LNG from Alaska pipeline project for 20 years
- BenzingaTrump Says Taiwan Will Buy 30% of Alaska LNG Gas for the Next 20 Years: ‘That Guarantees a Success’
- Bloomberg.comTrump Says Taiwan to Buy Gas From Alaska LNG Pipeline Project
- Nikkei AsiaTaiwan and Trump confirm plans for Alaska LNG cooperation
- TRT WorldTrump announces Taiwan deal to buy 30% of Alaska LNG output for 20 years
- YahooTrump Says Taiwan Agrees to Buy 30% of Alaska LNG Supply
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
