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Gazprom Appeals €6.5B Polish Fine

By  |  November 5, 2020

Gazprom has filed an appeal to a Polish court against competition watchdog UOKiK’s decision to fine the Russian gas giant PLN 29 billion (US$7.55 billion) for the construction of the Nord Stream 2 pipeline without its approval, reported Reuters.

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    Last month UOKiK imposed fines on Gazprom and five other companies involved in the project, including Engie Energy, Uniper, OMV, Shell, and Wintershall. 

    The companies other than the Russian firm were fined a total of PLN 234 million (US$60.97 million), and some of them have already said they would appeal as well. 

    The project is a US$10.5 billion joint venture between Russia’s Gazprom, Germany’s Uniper and Wintershall, Austria’s OMV, France’s Engie, and UK/Dutch energy conglomerate Royal Dutch Shell. When completed, the Nord Stream 2 pipeline will be capable of transporting up to 55 billion cubic meters of gas per year from Russia to Germany, doubling the capacity of the existing Nord Stream network and turning Germany into a gas hub.

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