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According to the Polish authorities, the participants in the Nord Stream 2 project were ordered to terminate the contracts to finance its implementation.
Gazprom is the sole beneficial owner of the company developing the Nord Stream 2 project, and its project partners, Wintershall of Germany and Uniper, OMV of Austria, Engie of France, Dutch Shell of the United Kingdom and the Netherlands, are financing parts stakeholders and future beneficiaries.
OMV allocated 87.5 million. 55 million PLN, Engie. PLN 30.8 million for Wintershall. 30 million PLN, Shell 29.9 million PLN. zloty fines.
In July 2016, UOKiK blocked the creation of the joint venture Nord Stream 2, claiming that a substantial increase in capacity in this Russian gas export corridor could damage competition in the gas market.
Following this decision, Gazprom continued to be the sole shareholder of the company promoting the company, and its European partners formalized their participation by not acquiring shares in the project, but only by guaranteeing its financing and thus ensuring future economic benefits from it.
The Polish Competition Supervisor launched an investigation in April 2018, stating that such a scheme was a clear attempt to circumvent their decision.
UOKiK announces that the agreements signed by Nord Stream 2 participants in 2017 provided for the pledging of shares in the developing company for the financing of Gazprom partners and their possible transfer in the event that Gazprom defaults on its credit obligations. Of the 9.5 billion Each of these five European companies committed 950 million euros in costs for the gas pipeline. and the remaining amount to Gazprom.
Up to around 10 billion. The Nord Stream 2 project, which has risen in price by 1 billion euros, is stalled at 94% due to the extension of US sanctions. implementation. The pipeline is expected to double the volume of Russian gas delivered to Germany, Europe’s largest economy.
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