Nord Stream 2 abandons JV

By Staff reporter 15 August 2016

The Nord Stream 2 pipeline partners have abandoned their plans to form a joint venture following objections by the Polish anti-monopoly regulator, UOKIK.

Gazprom, Engie, OMV, Shell, Uniper and Wintershall said in a joint statement that the Switzerland-registered Nord Stream 2 company, currently wholly owned by Gazprom, would still implement the project, and that each partner will make a contribution despite UOKIK’s objections. T

he partners asked Polish and German regulators to back the JV in December 2015, and while the German regulator approved the...

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