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Nord Stream 2 Partners Appeal To Poland's Decision On The Project

Nord Stream 2 Partners Appeal To Poland's Decision On The Project

Anglo-Dutch Shell, Austria's OMV, and Germany's Uniper have appealed the decision of Poland's antitrust regulator UOKiK in the Nord Stream 2 gas pipeline case, the companies' press service told reporters.

"We reviewed the UOKiK decision, we strongly disagree with it and filed an appeal on November 5 within all legal procedures," the Shell press service said.

"OMV has filed an appeal against the decision, insisting that it has no legal basis," the Austrian company said. The press service of Uniper also answered in the affirmative to the question about filing an appeal.

UOKiK said in early October that it had fined Gazprom about $ 7.6 billion (about 6.5 billion euros) in the Nord Stream 2 case and fined the project's European partners a total of $ 61 million. UOKiK also added that the project partners are obliged to break the agreements on financing the construction of the gas pipeline within 30 days.

Nord Stream 2 involves the construction of two strands of a gas pipeline with a total capacity of 55 billion cubic meters of gas per year from the coast of Russia through the Baltic sea to Germany. It is implemented by Nord Stream 2 AG with the sole shareholder, Gazprom. European partners-Royal Dutch Shell, OMV, Engie, Uniper, and Wintershall-collectively Finance the project by 50%, that is, up to 950 million euros each. Gazprom announced on November 4 that it had appealed the decision of the Polish Antimonopoly authority.

The project is actively opposed by the United States, which promotes its liquefied natural gas in the EU, as well as Ukraine and several European countries. States in December 2019 imposed sanctions against the project, requiring the companies leading the laying to stop construction immediately. Swiss Allseas almost immediately announced the suspension of the gas pipeline. In October, the United States expanded the sanctions to include companies that provide services, equipment, or financing to upgrade or equip ships operating on the project.

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