Washington DC, Oct. 14 -- US President Donald Trump on Wednesday (local time) announced that Taiwan had agreed to an offtake commitment worth between USD 70 billion and 80 billion for the Alaska liquefied natural gas (LNG) project over the next 20 years, along with a USD 4.4 billion equity investment, while citing South Korea's USD 50 billion investment in the project.

In a post on Truth Social, Trump said, "I was just in Alaska launching the largest Energy Infrastructure Project in Alaska History--The Alaska LNG Project. This 50 billion-dollar infrastructure investment from the Republic of Korea is part of their Trade and Investment Deal with me."

He added, "I am also announcing today that my Commerce Secretary, Howard Lutnick, has sec...