WARSAW (Reuters) - Poland's UOKiK watchdog may fine Russian gas producer Gazprom (MM:GAZP) up to 50 million euros ($56 million) due to a lack of cooperation in anti-monopoly proceedings related to the Nord Stream 2 gas pipeline project, UOKiK said on Wednesday.
UOKiK said in 2018 it charged six companies, including one owned by Gazprom, with financing construction of the pipeline without a legally required permit. It said that in early 2020 Gazprom failed to provide documents relating to the case.
"Gazprom cannot operate above the law and, for that reason, I have initiated proceedings against the company to impose a fine for failure to provide information during the pending investigation," UOKiK President Tomasz Chrostny said in a statement.
Poland sees Nord Stream 2, which would double Russia's gas export capacity via the Baltic Sea, as a threat to Europe's energy security, saying it will strengthen Gazprom's already dominant position on the market.
Nord Stream 2 is led by Gazprom, with half of the funding provided by Germany’s Uniper (DE:UN01) and BASF's (DE:BASFn) Wintershall unit, Anglo-Dutch company Shell (L:RDSa), Austria's OMV (VI:OMVV) and Engie (PA:ENGIE).
In 2019 UOKiK fined Engie 40 million euros for failing to provide documents and information relating to the case.
Gazprom could not immediately be reached for comment.
($1 = 0.8922 euros)