According to media reports, the developer of a liquefied natural gas facility project in Alaska in the US has received financial support from Russian energy giant Novatek, and the company is being sanctioned by the US. The newspaper quoted Joel Riddle, the former CEO of the project, as saying that Novatec funded the Polar Train LNG project and led the operation of the project before the US Treasury obtained the required permits. According to separate media interviews, Riedel resigned last month, and a number of executives have since left their jobs. Polar LNG issued a statement on Friday saying Riedel is a disgruntled former employee who has been fired. The company stated that the entire project development process complies with relevant US laws. The statement said that the company has submitted a license application to the US Treasury's Office of Overseas Asset Control and plans to acquire an unfinished gravity platform structure from Novatec, which is an integral part of the liquefied natural gas facility.

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