In U.S. Gas Talks With Kremlin, Hidden Financing for Alaska Project Emerges
- On Friday, The New York Times reported that Polar LNG, an Alaska-based startup, received secret financing from Russian energy giant Novatek, prompting the company's chief executive and other executives to resign last month.
- Text messages reveal Novatek executives discussed sending $15 million to Tech Wave, Polar LNG's parent company, despite Novatek being under partial U.S. sanctions.
- Former chief executive Joel Riddle warned the Trump administration about the financing, calling it "not in the U.S. interest," though Polar LNG labeled him a "disgruntled former employee."
- President Donald Trump waived Russia sanctions last week to keep peace talks alive, as Russian President Vladimir Putin reportedly discussed the project last month with Trump envoys Steve Witkoff and Jared Kushner.
- Memos from law firm Baker Botts flagged "potential Russia-related sanctions concerns," while Treasury Department enforcers stated they take potential violations "extremely seriously.
42 Articles
42 Articles
Russia's Novatek secretly financed and controlled the $25 billion Polar Train LNG project in Alaska. Company executives left over concerns about violating US sanctions, writes FT. October 24, 2026
==History==The Russian Novatek is funding a project for the construction of a gas terminal in Alaska, which is being run by the American Polar Train LNG, and in fact defines the company's strategy, as announced by the Financial Times and The New York Times, former CEO of the American company Joel Riddle.
Special representatives of U.S. President Donald Trump and Russian dictator Vladimir Putin discussed a joint business project as part of the peace negotiations to end the war in Ukraine. This is reported by RBK Ukraine with reference to The New York Times. How did the media learn from their sources, the Russian gas company Novatec, which is partly under US sanctions, could secretly finance the American Startup Polar LNG. The company plans to ext…
A $25 billion US gas export project in Alaska is facing a crisis after the resignation of its officials, amid charges against the Russian company Novak for financing and controlling it without American approval, and fears of violating the sanctions imposed.
Almost the entire management team of the American company Polar Train LNG has resigned due to suspicions that the Russian energy giant Novatek is secretly financing and directing a project to build a terminal for the export of liquefied natural gas in Alaska, worth $25 billion, the Financial Times reported today.
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