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Poland extends deadline for considering creating Nord Stream-2 joint venture to 4 months

February 04, 14:55 UTC+3 WARSAW
The management has recognized the need to continue considering the issue and that it is still necessary to examine the impact of the deal on the Polish market of gas supply, the statement says
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© FILIP SINGER/EPA

WARSAW, February 4. /TASS/. The Polish Office of Competition and Consumer Protection (UOKiK) extended the deadline for consideration of creating a joint venture for the gas pipeline Nord Stream-2, according to the official regulator’s website.

According to the statement, the management has recognized the need to continue considering the issue and that it is still necessary to examine the impact of the deal on the Polish market of gas supply.

The UOKiK has received a request for the assessment of the joint venture Nord Stream AG 2 in December last year. It was reported, that it Russian Gazprom and companies from Germany, France, the Netherlands and Switzerland were going to participate in it.

Earlier the Polish government has repeatedly criticized plans to build the Nord Stream-2 gas pipeline, calling the project "a geopolitical project of Russia". "Poland does not agree with the project North Stream-2," Polish Prime Minister Beata Szydlow explained the government’s position on the pipeline.

The Nord Stream-2 projects includes the construction of two lines of the offshore gas pipeline with a total capacity of 55 bln cubic meters of gas a year from Russia to Germany under the Baltic Sea, in addition to the existing two lines. The project is to be implemented by the new engineering company New European Pipeline AG. The stakes of partners in Nord Stream 2 AG will be distributed as follows: Gazprom will hold 50%, while BASF, E.ON, Engie, OMV and Shell will own 10% each.

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