Poland Fined Gazprom 7.6 Billion Dollars because of Nord Stream 2
OREANDA-NEWS. The Polish antimonopoly regulator UOKiK imposed maximum fines on Russian energy corporation Gazprom and five other companies involved in the construction of the Nord Stream 2 gas pipeline – 7.6 billion and 61 million US dollars, respectively, for building a pipeline without Warsaw’s consent.
According to the regulator, it also issued an order to terminate the contracts concluded to finance the construction of Nord Stream 2.
Earlier on October 7, UOKiK announced an “unprecedented decision” as part of an investigation into alleged violations of antitrust laws while working on the gas pipeline.
UOKiK previously blocked the creation of a joint venture for the construction of Nord Stream 2. As a result, the gas pipeline is being built by Nord Stream 2 AG, a 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, claiming that in this way the consortium members violated antitrust laws.