Seoul says it agreed only to begin reviewing the liquefied natural gas pipeline and export terminal, and that “no decision has been made” on whether to invest or how much. President Lee Jae Myung also requires compliance with South Korean law. Industry Minister Kim Jung-kwan objected to Commerce Secretary Howard Lutnick that the White House announcement went beyond their agreement.
Trump said on Oct. 2, “Tell them if they don't sign shortly, I'm gonna double it up.” He had included Alaska LNG in an announcement of up to $200 billion in South Korean investment in US energy projects, alongside eight nuclear reactors and a $22.3 billion gas power facility in Encinal, Texas.