Natural gas the biggest producers in 2019. Photo: Gazprom / gasnews.eu

Photo: Gazprom.

Source: politico.eu

Gazprom is using record-high gas prices to create the misleading impression that immediate regulatory concessions are needed to start the operation of the Nord Stream 2 gas pipeline, in order to prevent a gas crisis in the upcoming winter, CEO of Polish Oil and Gas Company PGNiG writes in an article on the politico.eu portal.

“As gas prices have skyrocketed across Europe over the last few weeks, members of the European Parliament have rightly suspected gas market manipulation and called on the European Commission to investigate the role of Gazprom, Russia’s state-controlled natural gas exporter, amid the ongoing surge. Regrettably, Gazprom has indeed often applied political pressure by using its market power in the past. This time is no different”, we can read in an article published by politico.eu.

In the text Paweł Majewski, CEO of Polish PGNiG, emphasizes that “Gazprom is using record-high gas prices to create the misleading impression that immediate regulatory concessions are needed to start the operation of the Nord Stream 2 gas pipeline, in order to prevent a gas crisis in the upcoming winter”.

“W rzeczywistości jednak dostępne są duże możliwości dostaw rosyjskiego gazu, a nowy gazociąg nie zapewni dodatkowych ilości gazu — zastąpi jedynie istniejące trasy dostaw. Biorąc to pod uwagę, istnieją jasne wymogi prawa energetycznego UE, które muszą zostać w pełni wdrożone, jeśli chodzi o Nord Stream 2”, Majewski writes.

In article publihed by politico.eu CEO of PGNiG reminds: “Kremlin’s spokesperson has openly stated that quick regulatory approval of Nord Stream 2 and its operation would reduce gas prices — the pressure is barely covert. Particularly given that even without Nord Stream 2, there is more available gas transport capacity from Russia to Europe than could ever be needed”.

CEO of PGNiG emphasizes that “Europe has previously experienced gas crises in 2009 and 2014. And both times, Russia limited gas supplies to politically pressure Ukraine, putting European economies at significant risk. While the EU mainly remembers these two events, however, Poland has experienced seven gas supply disruptions since 2004. We know that Gazprom is not willing to play along with the EU’s gas market rules and has a history of abusing its dominant position”.

In the article, Paweł Majewski recalled the statement by the chairman of the European Commission President Ursula von der Leyen who said thath Nord Stream 2 is a highly political project, and all legal means should be used to ensure that EU law is fully implemented. “Undermining a level playing field in the energy market counters EU energy policy and goes against the interests of the EU and its member countries. On this, the EU must be united and speak with one voice”, CEO of PGNiG writes in article.

Full version of article – politico.eu.