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.
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==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.
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.
Joel Riddle, former director general of the American Polar Train project, accused Russian energy giant Novatek of secretly exercising control over the company that builds an important facility...
THE board of the American gas project Polar Train LNG has resigned amid allegations that the Russian company Novatek, despite sanctions, is secretly financing and controlling the gas terminal project in Alaska.
During secret negotiations between the United States and the Kremlin to end the war in Ukraine, a sensitive and explosive dossier has come to light. The multi-billion dollar Polar LNG project, intended to boost American energy exports in Alaska, turns out to have been secretly financed by the Russian energy giant Novatek. CEO Joel Riddle and the entire management resigned out of fear of violating American sanctions.
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