Trump says Taiwan will purchase 30% of natural gas produced by Alaska pipeline
President Donald Trump and Commerce Secretary Howard Lutnick told a rally crowd in Alaska on Tuesday night that Taiwan has committed to investing in and purchasing 30% of the natural gas produced at a pipeline project in the state.
TL;DR
- Taiwan has agreed to invest $4.4 billion in an Alaska natural gas pipeline project.
- Taiwan will purchase 30% of the natural gas produced by the pipeline.
- This investment by Taiwan follows a $50 billion commitment from South Korea.
- President Trump highlighted the deal during a campaign rally in Alaska, supporting Sen. Dan Sullivan.
- Commerce Secretary Howard Lutnick praised the agreement as the 'greatest deal in the history of Alaska'.