: Poland objects to Nord Stream-2 joint venture

15:38 Jul. 22, 2016

Poland objects to Nord Stream-2 joint venture

The headquarters of Russia's state-run natural gas giant Gazprom in Moscow, Russia, June 16, 2014. (AP Photo)

Country's anti-monopoly office says project threatens competition

Poland will not discuss the joint Nord Stream-2 venture with Russia's Gazprom and five European company. The coutry's antimonopoly watchdog said on Friday that the construction of the gas pipeline would undermine compatition.

Gazprom and its European partners, E.ON, Wintershall, Shell, OMV and Engie, decided last year on the establishing of the Nord Stream-2 venture to deliver gas from Russia to Germany. However, their request of the clearance for the project with the Poland's anti-monopoly agency UOKiK failed.

"The Office found that the concentration might lead to restriction of competition," UOKiK reported in a statement.

Read also Ukraine initiates open discussion on dangers of Nord Stream 2 to Europe

The companies will have two week to object to the agency's decision, and its final judgement is expected by the end of this year.

Read also Ukraine resumes gas imports from Poland

comments powered by Disqus


Business15:08 Dec. 9, 2016
EU mediates Russia-Ukraine gas talks as standoff continues
Business16:12 Dec. 8, 2016
Gazprom applied for Turkish Stream pipeline building
Business11:48 Dec. 8, 2016
Flagship Ukraine privatization flops as plant attracts no bids - Reuters
Business11:44 Dec. 6, 2016
EU spells out its stance on wood export ban
Business19:08 Nov. 29, 2016
Three reasons to invest in Poland to reach the EU market
Subscribe to receive regular email updates about Ukraine and Eastern Europe