President Donald Trump announced during his address to Congress that his administration is developing a natural gas pipeline in Alaska.
“My administration is also working on a gigantic natural gas pipeline in Alaska, among the largest in the world, where Japan, South Korea, and other nations want to be our partner with investments of trillions of dollars each,” Trump said. “There’s never been anything like that one.”
“It will be truly spectacular, it’s all set to go. The permitting is gotten,” he said. “And later this week, I will also take historic action to dramatically expand production of critical minerals and rare earths here in USA.”
Japanese Prime Minister Shigeru Ishiba declared in February that Japan would invest $1 trillion in the United States.
“With the inauguration of President Trump, the momentum for Japanese companies to invest in the United States is even stronger. Today, I conveyed my willingness to cooperate together to elevate Japan’s investment in the United States to an unprecedented amount of $1 trillion,” Ishiba said through a translator.
“President Trump and myself also concurred to elevate the Japan-U.S. partnership to an even higher level through improving business environments and increasing bilateral investment and employment,” the prime minister said, “strengthening each other’s industries, leading the world in developing advanced technologies such as AI (…) and promoting efforts to harness the energy of the growing market in the Indo-Pacific.”
Trump previously issued an executive order to “efficiently and effectively maximize the development and production of the natural resources located on both Federal and State lands within Alaska.” The order sought to “prioritize the development of Alaska’s liquified natural gas (LNG) potential, including the sale and transportation of Alaskan LNG to other regions of the United States and allied nations within the Pacific region.”
