Poland fines Gazprom $57 MM over Nord Stream 2

Poland’s anti-monopoly watchdog UOKiK said it had fined Gazprom 213 million zloty ($57 million) over a lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project.

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 market dominance.

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.

UOKiK has been examining the project for years. In 2019 it fined Engie 40 million euros ($47 million) for failing to provide documents and information relating to the case.

“At the beginning of the year, we requested Gazprom provide us with contracts concluded by its subsidiary with other companies financing the construction of Nord Stream 2,” the head of UOKiK said in a statement. “The company failed to provide such information.”

“To my mind, it is an intentional act, the aim of which was to obstruct the ongoing proceedings.”

Gazprom said it had asked UOKiK to provide justification for that request, which it had not received. The Russian energy giant plans to appeal the fine in court, it said on Monday.

Russian President Vladimir Putin and Gazprom have said they plan to complete Nord Stream 2. More than 90% of the construction has been completed.

In July, Gazprom paid PGNiG the $1.6 billion the Polish company won in a pricing dispute and PGNiG chief executive said that Poland’s relations with Gazprom were “becoming normal.”

($1 = 3.7592 zlotys)

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