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Yonhap reports that South Korea has expressed interest in the Alaskan gas pipeline project.

Yonhap reports that South Korea has expressed interest in the Alaskan gas pipeline project.

Yonhap News Agency reported that South Korea as a major fossil fuel importer has expressed an interest in a $44billion gas pipeline in Alaska, which would be a joint project between South Korea and the U.S., Japan included.

Yonhap reported that unnamed sources in the government said that during his visit to Washington D.C., last month, South Korean Industry minister Ahn Duk Geun expressed interest in joining Alaska Gas Project through trilateral collaboration.

The ministry said that during his visit Ahn met senior U.S. officials, including Secretary of Commerce Howard Lutnick, Secretary of Interior, and co-chairman of the White House National Energy Dominance Council Doug Burgum.

The visit was part of Seoul's efforts to obtain tariff exemptions from President Donald Trump's administration and to look for ways to enhance bilateral cooperation with Washington.

The ministry of industry did not respond immediately to a comment request on the report.

Earlier, it was reported that Japan may offer support for the Alaska Pipeline as part of its efforts to court Trump and avoid potential trade friction.

South Korea is behind Japan and China the third largest importer of Liquefied Natural Gas in the world. (Reporting and editing by Ed Davies.)

(source: Reuters)