All of Hungary's natural gas storage units should be state owned, premier Viktor Orban said Friday.
All of
Hungary
's
natural gas storage units should be state owned, premier Viktor Orban said
Friday.
The country through its state-owned energy group MVM Zrt. bought German energy
company E.ON AG's (EOAN.XE) Hungarian natural gas units, with the transaction
closing earlier this week.
"This is how we can permanently control prices," Mr. Orban said on
state radio.
At the beginning of the year, the government started to cut household utility
and energy prices and is set to continue ahead of general elections in spring
next year.
The government has been in talks on a purchase agreement about another major
storage unit that is partly owned by Hungarian oil and gas firm MOL Nyrt. (MOL.BU).
This unit, called Szoreg-1, is owned jointly by MOL and the Hungarian
Hydrocarbon Storage Alliance.
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