Poland fines Gazprom $57m over Nord Stream 2

Poland's antimonopoly watchdog UOKiK announced on Monday it had fined Gazprom 213 million zloty ($57m) for lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project.

UOKiK has been examining the project for years, arguing that the joint venture between Gazprom and five European companies responsible for the construction of the gas pipeline will undermine competition.

Poland opposed the pipeline, which will pump gas from Russia to Germany via the Baltic Sea, saying it would only strengthen Gazprom's dominant position on the European gas market, Reuters reported.

Similar articles

  • Nord Stream 2 given go ahead in German waters

    Nord Stream 2 given go ahead in German waters

    A German oversight agency on Monday gave the go-ahead for a 2-kilometre section of the Nord Stream 2 gas pipeline to be laid in German territorial waters, dpa reported. The Federal Maritime and Hydrographic Agency (BSH) ordered the immediate enforcement of a controversial permit issued in January that allowed pipe to be laid on the seabed in Germany's exclusive economic zone.

    72
  • BP lobbies to ease EU net-zero emissions target

    BP lobbies to ease EU net-zero emissions target

    British Petroleum lobbies for softer EU stance on carbon emissions as the company requested natural gas to be excluded from the list of greenhouse factors, Reuters reported. The BP position has earned some support from investors and calls for a wider European dispute about the role of the fossil fuel in the transition to a lower-carbon world. The European Commission has placed a target to achieve net-zero greenhouse gas emissions by 2050.

    122