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Trump Ally Signs Controversial Alaska Gas Deal Amid Sanctions

2/20/2026

Summary

Story summary

Gentry Beach, a Texas financier linked to U.S. President Donald Trump, signed a deal with Novatek to develop natural gas in Alaska despite Western sanctions against Russia.
The agreement followed a meeting in Alaska between U.S. President Donald Trump and Vladimir Putin about energy deals to incentivize peace in Ukraine.
Conservation groups filed lawsuits against the Trump administration's push for oil and gas development in Alaska's National Petroleum Reserve.

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Story summary

Gentry Beach, a Texas financier linked to U.S. President Donald Trump, signed a deal with Novatek to develop natural gas in Alaska despite Western sanctions against Russia.
The agreement followed a meeting in Alaska between U.S. President Donald Trump and Vladimir Putin about energy deals to incentivize peace in Ukraine.
Conservation groups filed lawsuits against the Trump administration's push for oil and gas development in Alaska's National Petroleum Reserve.