The Alaska LNG project was reported to have received financing from sanctioned Russian companies, Polar LNG stated that its former CEO has been dismissed.

(1) According to the Financial Times, a developer of a liquefied natural gas (LNG) facility in Alaska received financing from Russia's Novatek PJSC, an energy giant under US sanctions. (2) The developer’s former CEO, Joel Riddle, stated that Novatek provided funding for the Polar Train LNG joint venture project and guided its operations before obtaining the necessary approvals from the US Treasury Department. Reportedly, Riddle resigned last month, with other executives leaving subsequently. (3) In a statement on Friday, Polar LNG described Riddle as a "disgruntled former employee" who was dismissed; the statement said that "development activities are being conducted in full compliance with applicable US laws." (4) According to the statement, the company has applied to the US Treasury Department's Office of Foreign Assets Control (OFAC) for a license to purchase an unfinished gravity-based structure from Novatek—a component of the LNG facility.