Alaska LNG

Donald Trump

2026-10-14 08:42:55

Trump says Taiwan agreed to buy 30% of Alaska gas, while Taiwan says CPC plans 6 million tonnes a year

U.S. President Donald Trump said at a campaign rally in Wasilla, Alaska, on Oct. 13 that Taiwan had agreed to buy 30% of the gas from the Alaska natural gas pipeline project over the next 20 years. Taiwan’s economic authorities responded on Oct. 14, saying state-owned CPC Corp. plans to purchase 6 million tonnes of Alaska LNG annually after production begins and take part in project development, with estimated investment of as much as $4.4 billion. The official statement did not mention Trump’s figures of 30% or 20 years. It said CPC signed a letter of intent in Taipei in March 2025 covering LNG sales and investment, and that talks and evaluation over nearly a year and a half had produced major progress with the U.S. developer. If the project moves ahead on schedule, gas could start supplying Taiwan as early as 2032. A separate semiannual report filed by Alaska LNG Project LLC, a Glenfarne unit, to the U.S. Department of Energy on Oct. 1 said the company had not signed any long-term contracts tied to long-term LNG exports. The filing listed several potential buyers, but all were described as preliminary or non-binding arrangements.

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U.S. midterms

2026-10-12 02:33:55

U.S. midterms put living costs and AI power bills ahead of Trump’s investment pitch

The U.S. 2026 midterm elections are set for Nov. 3, and Bloomberg’s Oct. 9 and Oct. 10 reports show a widening gap between the Trump administration’s campaign message and what many voters say matters most. President Donald Trump has been promoting tens of billions of dollars in manufacturing and energy projects, including an Iowa steel mill, an Oklahoma aluminum smelter and the long-discussed Alaska natural gas export plan, as proof that tariffs and industrial policy are delivering results. But several of those projects still face questions over financing, commercial viability and timing. Prediction market Polymarket shows 62% of funds backing a full Democratic victory, 29% backing a Republican Senate with a Democratic House, and 9% backing a full Republican sweep. Bloomberg also reported that Trump’s claim that South Korea would invest $54 billion in the Alaska LNG project was quickly qualified by South Korea’s industry minister, who said any investment would depend on the project’s commercial viability. At the same time, voters are dealing with high gasoline, food, electricity and mortgage costs. The University of Michigan’s preliminary October survey showed consumer sentiment falling for a third straight month to 46.3, with the current conditions gauge at 44.7. AI data center expansion has added another layer to the debate as rising electricity demand and grid costs become a political issue in states tied to the PJM power market.

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