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    WBJ: Gazprom blocking EuRoPol Gaz management changes

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Summary

A conflict between PGNiG and Gazprom has erupted as Gazprom blocks EuRoPol Gaz management changes. EuRoPol Gaz is the operator of the Polish section of the Yamal pipeline.

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WBJ: Gazprom blocking EuRoPol Gaz management changes

PGNiG has dismissed EuRoPol Gaz CEO Mieczysław Dobrut and his deputy Zdzisław Jamka from their posts, but as WBJ was going to press, the Polish gas giant had not been able to hire their replacements as Russian gas giant Gazprom had successfully blocked the appointments. 

EuRoPol Gaz is the operator of the Polish section of the Yamal pipeline, which transports Russian gas to Germany. Both Polish state-owned PGNiG and Gazprom each have a 48 percent stake in the company, with the remaining 4 percent belonging to Gas-Trading, a company controlled by PGNiG.

EuRoPol’s charter states that the CEO and second deputy are nominated by PGNiG, while the other two members of the board are proposed by Gazprom.  PGNiG has put forward its candidates, but has found it impossible to appoint them since Gazprom representatives blocked attempts to do so during two extraordinary general meetings at which the decision was to be made. Both PGNiG and Gazprom have to agree on the appointments, according to the charter.

At one EGM, the Gazprom representatives left before the decision could be made. At the other, they simply did not show up.  MORE

 

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