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Companies involved in Nord Stream 2 to respond to objection of Polish regulator

July 22, 2016, 18:12 UTC+3 MOSCOW

Gazprom , Engie, OMV, Shell, Uniper and Wintershall are preparing a joint response

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© AP Photo/Nati Harnik

MOSCOW, July 22. /TASS/. Gazprom , Engie, OMV, Shell, Uniper and Wintershall are preparing a joint response to the objections of the Polish Office of Competition and Consumer Protection (UOKiK) regarding the construction of the Nord-Steram-2 gas pipeline, the companies said in a mutual statement.

Earlier the companies jointly applied to the Polish regulator for the approval of their joint participation in Nord Stream 2 AG company.

Headquartered in Switzerland Nord Stream 2 AG was set up to plan, build and operate two lines pf the Nord-Stream-2 gas pipeline.

On July 19, the Polish regulator handed its statement on objections regarding the planned joint venture.

"Currently, the applicants are preparing a joint response to the statement. The decision of the Polish anti-monopoly regulator cannot be taken before the statutory period for the preparation of a response to the statement of objections expires," the statement said.

Earlier on Friday UOKiK refused to approve the creation of a joint venture by six parties responsible for the construction and operation of the Nord Stream 2.

The application for the official approval of a joint venture was submitted to the regulator in December 2015.

In February 2016, the regulator extended the consideration of the application by six months.

Participants of the joint venture have 14 days to appeal the decision of the regulator. This period may be extended at their request for another two weeks.

The Polish watchdog came to conclusion that the establishment of the joint venture may restrict competition.

Earlier the Polish government has repeatedly criticized plans to build the Nord Stream-2 gas pipeline, calling the project "a geopolitical project of Russia".

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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