Taiwan is advancing in negotiations to purchase liquefied natural gas (LNG) from the proposed Alaska LNG project, with potential investments reaching up to $4.4 billion. This project, if realized, could lead to LNG deliveries to Taiwan by 2032, according to ongoing discussions.
CPC Corp, Taiwan’s state-owned energy company, has expressed interest in procuring approximately 6 million tonnes of LNG annually, following a letter of intent signed in March last year. The company is also contemplating an investment in the project, which includes a 1,299-kilometre pipeline and export facility located in Alaska.
Taiwan’s Ministry of Economic Affairs indicated that this collaboration would diversify the island’s energy sources, bolster energy security, and strengthen economic ties with the United States. Direct LNG shipments across the Pacific could also offer an alternative supply route, potentially reducing exposure to geopolitical risks.
Despite these developments, a binding purchase agreement has yet to be finalized, and negotiations continue regarding investment arrangements, ownership stakes, and commercial terms. The proposed Alaska LNG project aims to produce about 20 million tonnes of LNG annually for international markets, with developers seeking further purchase commitments to secure necessary financing.
The initiative has garnered support from U.S. President Donald Trump, who described Taiwan’s proposed purchase as a significant commitment that could enhance the project’s commercial viability. This move aligns with Taiwan’s strategic goal of increasing U.S. LNG imports to ensure more reliable long-term energy supplies.