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[BUSINESS] · United States, Russia, United Arab Emirates · 20 sources

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Part of situation: Novatek energy project and sanctions developments (2 clusters)

Novatek accused of secretly funding $25 billion Alaska LNG project

Polar Train LNG Novatek Alaska LNG project Joel Riddle energy sanctions

The leadership of the American energy company Polar Train LNG has resigned following allegations that the sanctioned Russian energy giant Novatek has been secretly financing and controlling a $25 billion liquefied natural gas (LNG) project in Alaska.

Former CEO Joel Riddle stated he resigned in September after discovering that Novatek, rather than the expected investors, was directing the company’s strategic path. Riddle initially believed funding was provided by Gentry Beach, an investor linked to the Trump family, and Tech Wave Industrial Projects Management based in Abu Dhabi. However, he later alleged that Beach held no official position or capital in the venture and that the funds actually originated from Novatek.

Investigations by The New York Times and Financial Times suggest that Novatek executives discussed transferring up to $15 million to Tech Wave to sustain the project. The venture, which aims to repurpose a partially constructed Novatek terminal for Alaskan gas exports, was reportedly discussed between Vladimir Putin and U.S. envoys Steve Witkoff and Jared Kushner as part of broader diplomatic efforts regarding the war in Ukraine.

Polar LNG has denied the allegations, characterizing Riddle as a “disgruntled employee” and asserting that all operations comply with U.S. law. The company maintains that its affiliate, Tech Wave, provided the financing. Novatek has stated it granted Tech Wave the right to use its technology in Alaska and intends to become a minority owner in the project.

Entities

Alaska · Joel Riddle · Novatek · Polar LNG · Polar Train LNG · Tech Wave Industrial Projects Management · U.S. Department of the Treasury · Vladimir Putin

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Igra preko leđa Bijele kuće: Da li su Trumpovi izaslanici pregovarali s Putinom o projektu iza kojeg stoji – Moskva? [www.bl-portal.com]
FT: Uprava američkog LNG-a dala ostavku zbog tajne ruske kontrole [bosnainfo.ba]
Ostavke u američkoj kompaniji koja planira LNG terminal na Aljasci zbog sumnji u rusko finansiranje [insajder.net]
Mediji: Krievijas "Novatek" finansē LNG projektu Aļaskā un faktiski nosaka tā stratēģiju [pmo.ee]
Alaska, la stampa Usa all’attacco: fondi russi sui progetti Polar LNG di estrazione del gas [www.notiziegeopolitiche.net]
Обвинения за тайно финансиране и контрол от руската Новатек“ разтърсиха [novini247.com]
Оставки во американскиот гасен проект на Алјаска по обвинувањата дека руски Новатек тајно го финансира [tocka.com.mk]
Bivši direktor Polar LNG-a: Rusi tajno finansirali projekat od 25 milijardi dolara na Aljasci - 24sata.info [24sata.info]
Banii Rusiei, descoperiți într-un proiect strategic din SUA. Legătura secretă cu negocierile dintre Trump și Putin [www.aktual24.ro]
Le intese energetiche tra USA e Russia raggiungono l’Alaska [www.analisidifesa.it]
Mỹ muốn xây dự án năng lượng 25 tỷ USD, cựu CEO bất ngờ hé lộ Nga chính là 'người đứng sau' [cafef.vn]
韓国に投資迫る一方、ロシア企業と取引…トランプ大統領のアラスカLNG「二股」 [www.chosunonline.com]
Ruski novac iza Trampovog energetskog plana? Ostavke zbog projekta na Aljasci vrednog 25 milijardi dolara [www.danas.rs]
NYT: Novatek Discussed Up to $15 Million for Tech Wave Industrial Projects Management [econotimes.com]
O companie rusă a finanțat în secret un proiect de gaze din SUA [www.g4media.ro]
NYT: Kremlin Is Secretly Funding Alaska Energy Project [www.joemygod.com]
Mỹ muốn xây dự án năng lượng 25 tỷ USD, cựu CEO bất ngờ hé lộ Nga chính là 'người đứng sau' [soha.vn]
Former CEO Disputes Publicly Announced Trump Ally’s Investment in Alaska LNG Venture [thedeepdive.ca]
FT: Uprava američkog LNG-a dala ostavku zbog tajne ruske kontrole [www.index.hr]
Putin’s Energy Giant, Alaska’s Gas And Trump’s Ukraine Talks: The $15 Million Link [www.timesnownews.com]