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Poland fines Gazprom $57 million over Nord Stream 2

Christian Fernsby ▼ | August 3, 2020
The penalty imposed on Gazprom is related to the proceedings conducted with regard to the creation of a consortium financing the construction of Nord Stream 2 gas pipeline without a required consent of the President of UOKIK.
Poland   Gazprom
The Authority has made allegations in this case against Gazprom from Russia, Engie Energy from Switzerland and four companies from Nederlands: Uniper, OMV, Shell and Wintershall.

Topics: Poland Gazprom

In the course of the proceedings, the Authority requested documents that are of significance to the case from Gazprom as well, however, the company refused to provide information that is important to the pending proceedings.

"Based on the existing provisions, at the beginning of the year, we requested Gazprom to provide us with contracts concluded by his subsidiary with other companies financing the construction of Nord Stream 2.

"Despite its legal obligation to cooperate with the Authority, the company failed to provide such information, even after the proceedings in relation to failure to cooperate, which should have been a warning for the company, were initiated in May. Violation of the laws of Poland, a Member State of the European Union, will result in financial sanctions provided for in such laws. "To my mind, it is an intentional act, the aim of which was to obstruct the ongoing proceedings. Therefore, I have decided to impose a penalty of PLN almost 213 mln on Gazprom. It s a maximum sanction provided for by law for failure to provide information requested by the Authority, which constitutes an equivalent of EUR 50 mln," says President of UOKiK, Tomasz Chróstny.