In U.S. Gas Talks With Kremlin, Hidden Financing for Alaska Project Emerges
Text messages and memos cited by the Times show Novatek discussed sending up to $15 million to keep the Alaska gas project moving.
- 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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Alaska LNG export terminal got funding from Russia’s sanctioned Novatek before US nod—FT report
Polar Train LNG’s former CEO said Russia’s Novatek funded and directed the project before US Treasury approvals. The company denies wrongdoing and says it is complying with US laws.
(Seoul = Yonhap News) Reporter Kwak Min-seo = A Russian energy company subject to U.S. sanctions is secretly funding an Alaska liquefied natural gas (LNG) development project...
Whistleblower CEO quits over hidden Russian cash behind gas deal in Trump peace talks: NYT
A gas venture that came up in President Donald Trump's Ukraine peace talks had a hidden backer, according to its former boss.Polar LNG, a startup pitching a plan to export natural gas from Alaska's North Slope, received secret funding from Russian energy giant Novatek, The New York Times reported Friday. Joel Riddle, who ran the company until he resigned in September, told the Times he was misled into believing the money came from a firm in the …
Washington accuses Novatek of secret financing of Alaska's LNG project The outgoing leader of Polar LNG, Joel Ridde, accuses Novatek of secret financing Historical background of LNG in Alaska The Alaska has long been a strategic center for gas export ... <p>The post USA: Washington accuses Novatek of secret financing of an Alaskan LNG project first appeared on The Informant.</p>
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