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Tuesday, July 27, 2021

OMV will appeal against the decision of Poland on the Nord stream-2

The company believes that the requirement to break the agreement on the financing of Nord stream-2 is devoid of any legal basis.

Vienna, Nov 2 – IA Neftegaz.RU. OMV will appeal against the demand of the Polish Antimonopoly regulator (Urząd ochrony konkurencji i konsumentów, UOKiK) to terminate the agreement on financing the construction of the main gas pipeline (MGP) Nord stream-2.
About OMV reported RIA Novosti.

OMV will appeal the decision, insisting that the decision is devoid of any legal basis.

On the timing of the appeal, OMV said.

Other partners of Gazprom’s project of building the Nord stream-2, are sure that do not violate the antitrust laws.

Uniper in October 2020 also announced intentions to appeal the decision.

The Polish Antimonopoly regulator UOKiK 7 Oct 2020 fined Gazprom in the amount of 29 billion zlotys (about 7.6 billion dollars. USA) in the case of Nord stream-2, and European partners of the project – totaling $ 61 million. USA.

UOKiK also ordered the European partners Gazprom in the Nord stream-2 for 30 days to break the agreement on the financing of the construction of the pipeline.

Huge fine Polish regulator 7.6 billion. USA, at a cost of Nord stream-2 at 9.5 billion euros would have destroyed the profitability of the project and turned it into a loss, but the pipeline passes through the territorial waters of Poland, so the authorities can’t stop the project, despite the decision of the regulator.

The European Commission has taken note of the decision of UOKiK imposing on Gazprom and its partners of penalties by results of Antimonopoly investigation against Nord stream-2, noting that the decision is based on Polish law and not on EU antitrust laws, and the penalty is too high.

Gazprom fundamentally disagree with the position of the Polish authorities in relation to the Nord stream-2.

UOKiK accuses him and a partner is that they have not agreed with the Polish authorities the establishment of a joint venture (JV) for the project.

But in fact, the project implemented SP, and a subsidiary of Gazprom with borrowed funding.

Thus, the project participants have not formally violated the requirement of the Polish regulator.

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