Trump's Friend Helped Novatek Gain Control of American Company
Published
The Financial Times (FT) reported that a friend of US President Donald Trump helped the Russian company Novatek gain control of an American company. This company is building a strategic liquefied natural gas (LNG) project in Alaska.
Liquefied natural gas is natural gas that is cooled to a very low temperature so that it can be transported by sea on specialized tankers. LNG projects are of great importance for energy exports, which is why they are often called strategic.
Novatek is one of the largest Russian natural gas producers. The company's activities are subject to international restrictions introduced by some Western countries. Therefore, such a change of control over an American project may attract attention in international political and economic circles.
The available report does not contain full information about the terms of the deal, the date it was concluded, or the exact mechanisms for transferring control. For a broader picture, it is worth following further official statements and publications from leading media outlets.
Sources: BlackSeaNews
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