Poland threatens Nord Stream 2 AG with unprecedented decision

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The antimonopoly body of Poland intends to announce an unprecedented decision in the framework of an investigation into alleged violation of antimonopoly legislation during the implementation of the Nord Stream 2 project.

The Polish UOKiK announced this in a press conference scheduled for Wednesday, October 7 at 11:00 Moscow time.

UOKiK actually blocked the creation of a joint venture for the construction of Nord Stream 2, as in the case of the construction of Nord Stream 1. As a result, the gas pipeline is being built by Nord Stream 2 AG, a 100% subsidiary of Gazprom, and the European partners are financing the project as creditors.

In response to the new format of organizing the project, the Polish antimonopoly authority initiated a new investigation in 2018, believing that in this way the consortium members violated the antitrust laws.

In August, UOKiK fined Gazprom for its unwillingness to cooperate with it on the investigation of the Nord Stream 2 project in the amount of 50 million euros – the maximum sanction under the law. PJSC “Gazprom” in the same month filed appeals to the competent court of Poland against the decisions of the Polish antimonopoly body.

The Russian gas monopoly has challenged the decision to restrict Gazprom’s access to evidence gathered in an investigation into the alleged concentration of a Russian company and foreign investors in the course of the Nord Stream 2 project. Gazprom said that UOKiK, in the course of the anti-monopoly investigation initiated against Nord Stream 2, requested information from the monopoly that was not related to the subject of the investigation.

Earlier, UOKiK fined the French Engie on a similar occasion. At the same time, the Polish side assures that “the other four companies cooperate and transfer documents and information requested by UOKiK.”

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