OMVJF - Gazprom hit with $7.6B fine from Polish regulator over Nord Stream pipeline

Poland's antitrust agency slaps a $7.6B fine on Gazprom (OGZPY) for building the Nord Stream 2 gas pipeline to Germany, saying the project hurts Polish consumers and increases Europe’s dependence on Russian imports.The pipeline may lead to "serious consequences for Poland's and the EU's economy" by limiting the range of supplies and increase gas prices for consumers, Poland's Office of Competition and Consumer Protection says.The regulator also imposes fines on Nord Stream 2 partners including Engie (ENGIY), Uniper (UNPPY), BASF's (BASFY) Wintershall, OMV (OMVJF) and Royal Dutch Shell ([[RDS.A]], [[RDS.B]]).The pipeline is in its final stages of construction and is due to transport Russian natural gas across the Baltic Sea bed to Germany and western Europe, bypassing traditional transit routes through Ukraine and Poland.The project has been highly controversial, even more so following the poisoning of Russian opposition leader Alexey Navalny.

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Gazprom hit with $7.6B fine from Polish regulator over Nord Stream pipeline