Polish Briefing 27 December, 2017 9:00 am   
Editorial staff

Polish Briefing: The European Commission warns the investors of Nord Stream 2. Head of Orlen Lietuva will resign in the New Year

What goes on in Poland on the 27th of December.

Head of Orlen Lietuva will resign in the New Year

Orlen Lietuva CEO, a daughter company of PKN Orlen will resign on the beginning of January. It has been confirmed by PKN Orlen media office.

– Yes, I have heard about the change of the CEO which is going to happen in January. I do not know the precise dates, the management board must decide when to choose the new general manager – said Anton Tenys the mayor of Mažeikai, where Orlen Lietuva’s refinery is placed. It is the biggest employer in Lithuania.

Ireneusz Fąfara managed the company since the spring 2010. The company’s biggest achievement of Fąfara’s times was reaching an agreement between Orlen Lietuva and Lithuanian Railways in June 2017 that finished years-long disputes between the companies. A compromise in the issue of fees for oil products transport predicted an equal share of mutual obligations.

The European Commission warns the investors: Nord Stream 2 will end up in the Court of Justice

Vice-President of the European Commission for Energy Union Maroš Šefčovič warns that the investors „should think twice” before investing the money in Nord Stream  because of lack of certainty around the project. – If the promotors of the project want to move forward in this atmosphere, it is their choice – said Šefčovič.

– Knowing how politically sensitive this project is for the member states and energy companies in Europe, we could practically guarantee that it will end up in the Court of Justice of the European Union – he rated.

Nord Stream 2 pipeline from Russia to Germany is supposed to have 55 billion cubic meters capacity a year. Promotors point at cheap deliveries. Critics warn that it will increase the dependence of Central and Eastern Europe to Russian gas.