A longtime associate of Donald Trump Jr. has quietly signed an agreement with a major Russian energy company to pursue liquefied natural gas (LNG) development in northern Alaska — a move that could reshape Arctic energy geopolitics and spark intense scrutiny in Washington.
Texas investor Gentry Beach, a personal friend of Trump Jr. and former vice chairman of the finance committee for President Trump’s 2017 inauguration, confirmed that he signed an agreement in the fall of 2025 with Russia’s Novatek, according to reporting from The New York Times. The goal: deploy Russian LNG technology to unlock massive natural gas reserves on Alaska’s North Slope.
The project remains in its early stages. Financial details have not been disclosed.
But the geopolitical implications are significant.
The Deal: Novatek Technology for Arctic LNG
Beach acknowledged negotiating the agreement in meetings held in Dubai and Europe with Leonid Mikhelson, CEO of Novatek. Mikhelson is not currently under U.S. or EU sanctions, though he faces restrictions from the United Kingdom and Canada.
Novatek confirmed it is “indeed in discussions about the potential use” of its LNG technology in remote northern Alaska, but stopped short of publicly confirming a formal partnership with Beach.
If completed, the venture could mark the first known new formalized business initiative between a U.S. investor and a major Russian energy firm since the Kremlin began signaling expanded deal-making opportunities with the United States in 2025.
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Why Alaska’s North Slope Matters
Alaska’s North Slope contains enormous volumes of stranded natural gas near the Arctic coastline. For decades, U.S. energy firms have struggled to bring that gas to market due to infrastructure challenges, harsh climate conditions, and high development costs.
Beach’s proposal reportedly includes:
- Construction of a liquefied natural gas plant
- Arctic transport via icebreakers
- Deployment of Novatek’s cold-region LNG technology
Russia has extensive experience operating LNG facilities in Arctic environments, including projects on the Yamal Peninsula.
For U.S. energy strategists, the North Slope represents a long-sought prize:
A massive domestic gas reserve capable of strengthening American energy exports to Asia.
For critics, however, the involvement of a Kremlin-linked firm raises immediate red flags.
Political Sensitivities
Beach insists his relationship with Donald Trump Jr. played no role in the deal and says he does not conduct business with the Trump family. He also stated the initiative is separate from U.S.–Russia diplomatic discussions led by special envoy Steve Witkoff.
However, Beach acknowledged that “this project is known at the highest levels” in both Moscow and Washington.
Given Novatek’s close ties to the Kremlin — and the fact that certain subsidiaries remain under partial U.S. sanctions — the project is likely to face heavy regulatory review and political examination.
While Novatek’s parent entity is not fully sanctioned by the U.S., critics argue that technology transfer or joint development could complicate sanctions policy and national security considerations.
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A Broader “Reset”?
According to Bloomberg, Kremlin economic envoy Kirill Dmitriev recently floated the possibility of up to $12 trillion in potential economic cooperation between the United States and Russia. Moscow reportedly prepared several proposals aimed at resetting bilateral economic relations — including joint oil and LNG ventures.
If accurate, Beach’s Alaska project may represent an early test case of that broader strategy.
The stakes are enormous:
- Arctic energy dominance
- U.S.–Russia economic recalibration
- LNG export competition in Asian markets
- Sanctions policy implications
Energy deals are never just energy deals.
They are geopolitical leverage.
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Strategic Implications
If this project advances, it signals three major shifts:
- Arctic energy development is accelerating.
- U.S.–Russia economic channels may be cautiously reopening in select sectors.
- Alaska’s gas reserves remain one of America’s most strategic untapped assets.
Supporters argue that leveraging global expertise to develop American energy resources strengthens U.S. independence.
Critics warn that entanglements with Kremlin-linked firms introduce geopolitical vulnerabilities.
Either way, the Alaska tundra may soon become the next arena where energy, politics, and great-power strategy converge.
This story is still unfolding.
And in today’s global energy chessboard, every move matters.
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