Poland: Gazprom faces antitrust challenge over Nord Stream 2

The Polish antimonopoly regulator UOKiK initiated a case against Gazprom and five foreign companies (Engie, Uniper OMV, Shell, Wintershall) responsible for financing the Nord Stream-2 gas pipeline, reports RMF24.

According to the website of the department, in 2016 Polish officials analyzed the petition for the creation of a joint venture for the construction of the Nord Stream-2 by these six companies and decided that this would lead to a restriction of competition.

UOKiK suspects that, despite the ban on the part of Poland, the companies are jointly implementing the project, financing the Nord Stream-2.

The antimonopoly regulator may fine Gazprom, Engie, Uniper OMV, Shell, Wintershall—each for an amount equal to 10% of the annual revenue, or to demand the sale of a part of the assets of a joint venture, the sale of a controlling stake, or the dissolution of a joint venture.UOKiK concluded that Gazprom already dominates the Polish gas market, and the new project can further strengthen its negotiating position with Polish customers.

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