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

Reported · Written up by our desk · Energy

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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