Polish antitrust institution fines Gazprom

Tomasz Gzell/PAP

The Polish Office of Competition and Consumer Protection (UOKiK) has placed a nearly PLN 213 million (ca.EUR 47 million) fine on Russia's Gazprom "for the lack of cooperation in an inquiry concerning the Nord Stream 2 gas pipeline project," UOKiK reported on Monday.

UOKiK explained that the obligation "results from European regulations, which are the basis of a Polish law on competition and consumer protection."

"The fine placed on Gazprom is connected with ongoing proceedings regarding the establishing of a consortium financing the Nord Stream 2 construction project without the required UKOiK's approval. In connection with this, the UOKiK president charged six companies, namely Russia's Gazprom, Engie Energy from Switzerland and four Dutch firms (Uniper, OMV, Shell and Wintershall," reads a communique issued by UOKiK.

According to the statement, the UOKiK president asked Gazprom for the necessary documents but the Russian company refused to provide them.

"Despite the legal duty to cooperate with the UOKiK head, the company had not offered the required information, even after the launch of proceedings resulting from the lack of cooperation,' the communique stated.

"The violation of legal regulations binding in Poland, which is an EU member, will meet with financial sanctions envisaged by these laws," the UOKiK head underlined, adding that the fine placed on Gazprom is the maximum financial sanction, which could be demanded for not offering the information requested by the UOKiK president.