Close [x]
By using the site you express your consent to the use of cookie files, some of which may be already saved in the browser folder.
For more information, please follow the Privacy and using cookie files policy for the service

Office of Competition and Consumer Protection

Increase font sizeDecrease font sizeHigh-contrast versionText versionText versionRSS ChannelGet QR codeWersja polska

You're here: Home > About us > About us > News

UOKiK issues objections to a concentration - Nord Stream 2

< previous | next > 22.07.2016

UOKiK issues objections to a concentration - Nord Stream 2

UOKiK has issued objections to a concentration in which six firms would form a joint venture responsible for construction and operation of the Nord Stream 2 gas pipeline.

UOKiK received a filing for clearance of a concentration in December 2015 and in February 2016 referred the case for further analysis in the second step of proceedings.

The notifying parties were the following:

1)  PAO Gazprom, the Russian Federation,

2)  E.ON Global Commodities SE, Germany,

3)  ENGIE SA, France,

4)  OMV Nord Stream II Holding AG, Switzerland,

5)  Shell Exploration and Production (LXXI) B.V., the Netherlands,

6)  Wintershall Nederland B.V., the Netherlands.

The company formed by the six parties named above would design, finance, construct, and operate an offshore twin pipeline system running from the Russian Baltic coast to an exit point near Greifswald, Germany.

Market study was needed as a part of the analysis of the implications of the transaction. UOKiK asked firms operating on the natural gas market in Poland for their appraisal of the planned concentration. The following firms were approached: the gas transmission system operator Operator Gazociągów Przesyłowych Gaz – System, the Szczecin and Świnoujście Seaports Authority, Europol Gaz (operator of the Yamal – Europe pipeline), Polski LNG (responsible for construction and operation of the LNG terminal in Świnoujście), Polskie Górnictwo Naftowe i Gazownictwo, and more than 20 natural gas importers. The Polish Energy Regulatory Office was also asked to give its appraisal of the deal.

Following an analysis of the gathered material UOKiK released objections to the concentration in question. The Office found that the concentration might lead to restriction of competition. At the moment Gazprom has a dominant position with respect to transmission of gas to Poland, and the planned transaction could further strengthen the company’s negotiating position with regard to users in Poland.

In cases in which there are reasonable grounds to suppose that a concentration might lead to significant restriction of competition, the President of UOKiK informs the business undertaking or undertakings of its objections to the planned transaction. While a statement of reasons is provided with the information about the objections, it does not determine the decision that is eventually issued in the case.

As provided for by law business undertakings may present their standpoint with respect to the objections within 14 days from the date on which the objections are issued. They can also request that this time limit be extended by a further two weeks.

The release in also available in Russian (see file below).

 

Additional information for the media:

Press Office, UOKiK
Pl. Powstańców Warszawy 1, 00-950 Warsaw
Phone.: +48 22 827 28 92, +48 22 55 60 314, +48 22 55 60 430
E-mail: [SCODE]Yml1cm9wcmFzb3dlQHVva2lrLmdvdi5wbA==[ECODE]

Twitter: @UOKiKgovPL

 

Attached files

 

Read also

Shares and bonds - calculate and don't miscalculate
Shares and bonds - calculate and don't miscalculate

Are you planning to invest in shares or corporate bonds? Today, as part of the "Calculate and don't miscalculate" campaign, we will be giving hints on what to look out for.   ...>

Change in terms and conditions of agreements at PayPal - investigation
Change in terms and conditions of agreements at PayPal - investigation

Did PayPal violate the collective interests of consumers by unilaterally changing its agreements with consumers and introducing a new fee? ...>

Floating or fixed rate mortgage loan? Calculate and don't miscalculate
Floating or fixed rate mortgage loan? Calculate and don't miscalculate

Are you planning to take a loan to purchase a house, but you fear that the installment rates will rise? As a part of the campaign "Calculate and don't miscalculate!",  the President of UOKiK recalls that banks should also offer fixed rate loans. ...>

Campaign of the President of UOKiK "Calculate and don't miscalculate" - the power of communication through cooperation
Campaign of the President of UOKiK "Calculate and don't miscalculate" - the power of communication through cooperation

A nationwide social campaign of the President of UOKiK under the slogan "Calculate and don't miscalculate!" is underway. So far, nearly 180 media and institutions have joined the campaign. ...>

Decision of the President of UOKiK - collusion on the dietary suplements market
Decision of the President of UOKiK - collusion on the dietary suplements market

President of UOKiK Tomasz Chróstny issued a decision stating that the prices of Solgar brand dietary supplements were determined as a result of an arrangement aimed at limiting competition. ...>

Change in property value - Calculate and don't miscalculate
Change in property value - Calculate and don't miscalculate

Are you worried about rising housing prices? What can happen when you take out a loan and the value of your apartment drops? Can you protect yourself against unforeseen situations that may make it difficult to repay loan installments? "Calculate and don't miscalculate" campaign of The President of UOKiK has been launched. ...>

Top