UOKiK imposes fine of PLN 29bn on Gazprom for NordStream 2
23:52
The President of UOKiK imposed fines on several companies for the construction and operation of the Nord Stream 2 pipeline without his consent. The largest one concerns Gazprom and amounts to PLN 29 billion.
Two years ago, the office brought charges against six companies. Apart from Gazprom, the following were fined: French Engie Energy (PLN 55 million), Uniper (PLN 29 million), OMV (PLN 87 million), Shell (PLN 30 million), and Wintershall (PLN 30 million).
Gazprom does not agree with UOKiK's decision and will appeal.
"The proceedings carried out by the Polish anti-monopoly office showed that in 2017, despite the lack of consent to the creation of a joint venture, 6 companies concluded a number of agreements regarding the financing of NS2, which in effect confirmed their important and necessary role in the entire project. Moreover, by establishing a pledge on the shares of Nord Stream 2, the financiers became "quasi" shareholders of this company - in the event of Gazprom failing to fulfill the loan agreement, they would take over the shares of the company building the gas pipeline. with participation in the entire project were clearly agreed for everyone," the UOKiK explained.
