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 United Arab Emirates.
Russian President Vladimir Putin discussed the project last month with Trump envoys Steve Witkoff and Jared Kushner, people familiar with the negotiations told the Times. White House officials see energy deals like it as a way to smooth relations with Moscow.
"It's not only unlawful, but it's not in the U.S. interest," Riddle told the Times. Novatek, which is under partial U.S. sanctions, was already set to supply the project's technology.
Text messages reviewed by the Times show Novatek deputy chairman Denis Solovyov and chief executive Leonid Mikhelson discussed sending as much as $15 million to Polar LNG's Abu Dhabi parent company, Tech Wave, to keep the effort going. "The first 5 million were supposed to arrive by today," Solovyov wrote to Riddle in early September.
In a statement to the Times, Novatek said it was moving to become a "minority shareholder" in the project. Polar LNG named Tim Talkington acting chief executive and called Riddle a "disgruntled former employee" who was fired for cause....
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