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Alleged Russian Funding Prompts Executive Exodus at U.S. LNG Firm

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The top executives of U.S. energy startup Polar LNG have all resigned in recent weeks, just six months after the company was launched, amid a controversy over alleged funding and control of the venture’s strategy by Russia’s biggest LNG developer and exporter, privately-held Novatek. The senior managers who left Polar LNG say they resigned in September after learning earlier during the month that Novatek was at least partly funding the U.S. company, which looks to build a project on Alaska’s North Slope. Polar LNG was created…

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Story file

Section
Business
Topics
Economy & RBI, Startups
First reported by
Oil Price
Reporter
charles kennedy
Published
Tuesday, 27 October 2026, 3:30 am IST
Coverage
One outlet so far

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