Poland may fine Gazprom over Nord Stream 2 pipeline case | Eurasia Diary - ednews.net

6 July, Monday


Poland may fine Gazprom over Nord Stream 2 pipeline case

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Poland’s UOKiK watchdog may fine Russian gas producer Gazprom up to 50 million euros ($56 million) due to a lack of cooperation in anti-monopoly proceedings related to the Nord Stream 2 gas pipeline project, UOKiK said. EDNews.net reports citing Vestni Kavkaza.

UOKiK said in 2018 it charged six companies, including one owned by Gazprom, with financing construction of the pipeline without a legally required permit. It said that in early 2020 Gazprom failed to provide documents relating to the case.

"Gazprom cannot operate above the law and, for that reason, I have initiated proceedings against the company to impose a fine for failure to provide information during the pending investigation," UOKiK President Tomasz Chrostny said in a statement.

Poland sees Nord Stream 2, which would double Russia’s gas export capacity via the Baltic Sea, as a threat to Europe’s energy security, saying it will strengthen Gazprom’s already dominant position on the market, Reuters reported.

Nord Stream 2 is led by Gazprom, with half of the funding provided by Germany’s Uniper and BASF’s Wintershall unit, Anglo-Dutch company Shell , Austria’s OMV and Engie.

In 2019 UOKiK fined Engie 40 million euros for failing to provide documents and information relating to the case.

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