Donald Trump pressed South Korea to join the Alaska LNG project or face higher trade costs, as Seoul maintains a cautious approach to major energy deals.

President Donald Trump told South Korean officials on Tuesday that the country must join the Alaska liquefied natural gas project or the United States will increase charges for the fuel.

Trump’s remarks

In a statement to reporters, Trump said South Korea should "sign on to the Alaska LNG deal, or I’ll just charge them more." He added that the United States is prepared to walk away from any negotiation that does not meet its terms.

Seoul’s stance

South Korean officials have not confirmed a decision on the project. A senior government source said the administration is reviewing the proposal and weighing the financial implications for Korean energy consumers.

Project background

The Alaska LNG initiative aims to export natural gas from the North Slope to Asian markets. The plan involves constructing a liquefaction plant and a marine export terminal, with the U.S. government offering loan guarantees and tax incentives to attract foreign investors.

Economic implications

Analysts note that a higher price for U.S. LNG could affect South Korea’s energy costs, which already account for a sizable share of the nation’s electricity generation. The country has been diversifying its energy mix to reduce reliance on coal and nuclear power.

Next steps

Trump indicated that the United States will finalize its pricing structure within weeks. South Korean negotiators are expected to meet with U.S. trade officials later this month to discuss the terms.

Both governments have emphasized the strategic importance of energy cooperation, but the final outcome remains uncertain.