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Polish regulator says Nord Stream-2 construction JV halted

Nord Stream 2 partners have withdrawn their joint venture notification

© EPA/CARSTEN REHDER

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WARSAW, August 12. /TASS/. The joint venture to build the Nord Stream-2 gas pipeline project cannot be established after six partners had withdrawn their application, Poland’s antimonopoly regulator UOKiK said on Friday.

"Withdrawal of the application means that creation of the joint venture to deal with Nord Stream-2 gas pipeline construction does not appear possible. This is a "stoplight" for this deal," UOKiK President Marek Niechcia· said.

The decision of partners in Nord Stream-2 gas pipeline construction project to withdraw the application affects only acquisition of shares by Gazprom’s partners in the joint venture, Nord Stream 2 AG said earlier. Russian gas holding Gazprom remains the sole shareholder in Nord Stream 2 AG for the time being.

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