Poland May Fine Gazprom Over Nord Stream 2 Pipeline Case
WARSAW (Reuters) — Poland's UOKiK watchdog may fine Russian gas producer Gazprom up to 50 million euros ($56 million) due to a lack of cooperation in anti-monopoly proceedings related to the Nord Stream 2 gas pipeline project, UOKiK said on Wednesday.
UOKiK said in 2018 it charged six companies, including one owned by Gazprom, with financing construction of the pipeline without a legally required permit. It said that in early 2020 Gazprom failed to provide documents relating to the case.
"Gazprom cannot operate above the law and, for that reason, I have initiated proceedings against the company to impose a fine for failure to provide information during the pending investigation," UOKiK President Tomasz Chrostny said in a statement.
Poland sees Nord Stream 2, which would double Russia's gas export capacity via the Baltic Sea, as a threat to Europe's energy security, saying it will strengthen Gazprom's already dominant position on the market.
Nord Stream 2 is led by Gazprom, with half of the funding provided by Germany’s Uniper and BASF's Wintershall unit, Anglo-Dutch company Shell, Austria's OMV and Engie.
In 2019 UOKiK fined Engie 40 million euros for failing to provide documents and information relating to the case.
Gazprom could not immediately be reached for comment.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
Comments