13:43 19.08.2016

Ukrainian competition agency reminds potential participants of Nord Stream 2 project of getting permit from Ukrainian authority

1 min read
Ukrainian competition agency reminds potential participants of Nord Stream 2 project of getting permit from Ukrainian authority

Ukraine's Antimonopoly Committee has reminded potential participants of the Nord Stream 2 project of the necessity of getting a preliminary permit from the Ukrainian antimonopoly agency.

"We propose to the participants of the Nord Stream 2 project to apply to Ukraine's Antimonopoly Committee with the relevant application to prevent violation of legislation on protecting economic competition," the press service of the committee reported.

The committee said that the creation of a new legal entity by some companies to design and build a gas pipeline is considered concentration in Ukrainian law.

As reported, six partners in the Nord Stream 2 project decided to withdraw an application on the creation of a joint venture from Polish antimonopoly regulator UOKiK.

Nord Stream 2 envisages the construction of a gas pipeline system with a capacity of 55 billion cubic meters (bcm) of gas a year from Russia to Germany along the bottom of the Baltic Sea. The route's overall capacity will increase to 110 bcm per year.

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