Alaska LNG cost over double Gulf Coast rivals; Trump pushes $54B Korean investment

President Trump is steering $54 billion of South Korean investment toward the Alaska LNG project, a 20 million-ton-per-year export facility whose capital cost is more than double comparable Gulf Coast plants. The economics are questionable, raising doubts about project viability despite political backing. This highlights a potential misallocation of capital in US LNG expansion, with implications for global LNG supply competitiveness.