Home / Business and Economy / Executives Flee Russian-Funded LNG Startup
Executives Flee Russian-Funded LNG Startup
25 Oct
Summary
- American executives resigned from an energy startup.
- They learned the company was secretly funded by Novatek.
- The startup aimed to liquefy and export Alaskan gas.
American executives have resigned from the energy startup Polar LNG after learning of its undisclosed funding source. The startup's aim was to liquefy and export natural gas from Alaska.
These executives reportedly discovered that the company was secretly backed by the Russian gas giant, Novatek. This revelation prompted their swift exit from the energy venture.
The core of the disagreement appears to stem from the undisclosed Russian financial ties to the American-based energy project.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
