Poland fined Gazprom for the construction of Nord Stream 2

Poland fined Gazprom for the construction of Nord Stream 2

POLITICS

2020-10-08 14:59:54

The Polish regulator accuses Gazprom and 5 different European corporations concerned inside the creation of the Nord Stream 2 fuel pipeline of violating antitrust rules.


Competition and client safety authority (UOKiK) Poland has imposed a great on agencies worried in the production of the Nord Stream 2 gasoline pipeline. So, the Russian challenge Gazprom become fined 29 billion zlotys (about 6.45 billion euros) and 5 other organizations – a complete of approximately 178.5 million zlotys (about 39.8 million euros), the press carrier of UOKiK pronounced on Wednesday, October 7.

In unique, the Polish regulator imposed fines against the Swiss business enterprise Engie Energy (55.5 million zlotys), German Uniper (29.9 million zlotys) and Wintershall (30.8 million zlotys), Austrian OMV (87.7 million zlotys) and Dutch Shell (30.2 million zlotys). In addition, agencies taking part within the project have to terminate all contracts associated with its financing within 30 days, UOKiK stated in a statement.


Poland released research in 2018
The regulator notes that the "extraordinary selection and the imposition of a report excellent" is the end result of antitrust lawsuits which have been performed towards Nord Stream 2 since 2018. According to UOKiK, Gazprom entered into an address the corporations without its consent, which may ultimately limit opposition. Earlier, as a part of the investigation, UOKiK fined Gazprom 213 million zlotys (about 50 million euros) for refusing to provide the asked facts about contracts for the development of the fuel pipeline.

Gazprom does no longer believe that it violated the antitrust legal guidelines of Poland, and intends to enchantment the selection on the pleasant, the signal-means-profits.com news agency reports, bringing up a statement from a consultant of the priority.

The construction of the pipeline stalled because of US sanctions
Nord stream 2, with a layout potential of 55 billion cubic meters of fuel according to year, involves the development of two lines with a length of greater than 1.2 thousand km every alongside the bottom of the Baltic Sea. The challenge turned into deliberate to be launched in 2019. Earlier, Polish foreign Minister Jacek Czaputowicz referred to as the venture a risk to Europe and stated that it "may have poor political and financial consequences for the EU and could growth our dependence on an unreliable provider - Gazprom, which "will cause a quasi-monopoly of one contractor and a single deliver course."

The United States, Ukraine, the Baltic States, Romania and Hungary also oppose the pipeline. In December 2019, the US imposed sanctions towards overseas vessels engaged in laying the Nord Stream - 2, as an end result, production was suspended.

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