Watch live: Trump, Lutnick to announce major US energy investments

President Trump is expected to announce a major boost for a long-planned natural gas pipeline in Alaska in remarks on Wednesday.

South Korea will commit $54 billion toward the Alaska LNG project as part of a broader $200 billion investment in U.S. energy projects, according to a White House official.

The Alaska LNG project is an 807-mile pipeline that would carry natural gas from Alaska’s North Slope to the southern part of the state for export to Asian markets. The project has faced years of questions over its cost and commercial viability.

As part of a broader commitment from Seoul made during trade negotiations last year, the project will also include eight large-scale nuclear power plants and a 6-gigawatt power generation facility in Texas.

Interior Secretary Doug Burgum, Commerce Secretary Howard Lutnick and Energy Secretary Chris Wright are expected to join Trump, along with Alaska Gov. Mike Dunleavy (R), Sen. Dan Sullivan (R-Alaska) and Rep. Nick Begich (R-Alaska).

The event is scheduled to begin at 3:30 p.m. EDT.