Sanctioned Russian energy giant secretly funded US gas project, NYT reports
The gas project was part of an energy deal discussed by U.S. peace envoys Steve Witkoff and Jared Kushner during their September visit to the Kremlin, sources told the New York Times.
The New York Times (NYT) has reported that the Russian energy giant Novatek has been secretly funding a multibillion-dollar U.S. gas project, Polar LNG, which has been discussed in negotiations between the White House and the Kremlin in an attempt to end the war in Ukraine. Novatek, Russia's second-largest liquefied natural gas (LNG) producer, is subject to U.S. sanctions since the full-scale invasion of Ukraine in 2022.
The NYT cited John Riddle, the former CEO of Polar LNG, and two other sources familiar with the matter, who stated that the funding from Novatek violated U.S. sanctions. Riddle resigned from the company in September after learning about the hidden ties to Novatek and expressed his concern that Russian technology controlling the commercialization of Arctic gas in the North Slope is not in the U.S. interest.
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