Several U.S. energy executives have stepped down from an Alaska-based liquefied natural gas (LNG) startup after uncovering that Russian gas giant Novatek was allegedly funding and controlling the venture without their awareness. The company, Polar LNG, was founded in March 2026 and had been seeking U.S. government support for its operations.
The Wall Street Journal reported that the executives resigned following the discovery of Novatek's involvement, which raised concerns about the venture's transparency and potential geopolitical implications. The executives' departures highlight growing scrutiny over foreign influence in U.S. energy projects.
Polar LNG's future remains uncertain as it navigates the fallout from the revelations. The situation underscores the complexities of international energy partnerships, particularly in sensitive sectors like LNG.