Taiwan’s state-owned oil and gas company is planning to buy liquefied natural gas from a $44 billion export project in Alaska that’s a priority of the Trump administration.
CPC Corp. signed a letter of intent Thursday to purchase gas from the Alaska LNG project, which federal regulators approved in 2020 but which hasn’t begun construction.
As part of the new nonbinding agreement, CPC also intends to invest in the export project, according to a news release shared by Alaska Gasline Development Corp., the project’s current developer.
President Donald Trump has championed the Alaska LNG project since taking office, including in an executive order in January. He also alluded to it last month during a White House visit from Japanese Prime Minister Shigeru Ishiba. The project includes an 807-mile gas pipeline and liquefaction terminal in south-central Alaska.
