Nord Stream 2 to address concerns of the antitrust office by the end of August

By August 16, the consortium responsible for the construction of Nord Stream 2 will submit an answer to the queries issued by the Polish antimonopoly watchdog  (UOKiK) concerning worries over the implementation of the project, according to a representative of the Austrian OMV. In July, UOKiK said that launching a joint venture by Russia's Gazprom and five European companies (E.ON, Wintershall, Shell, OMV and Engie) responsible for the construction of Nord Stream 2 gas pipeline would undermine competition. The Office found that the concentration might lead to restriction of competition. According to Polish law the consortium had 14 days to address the concerns with the possibility of extending the period by another fortnight, which they exercised.