By Veronika Gulyas
BUDAPEST--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.
Write to Veronika Gulyas at veronika.gulyas@dowjones.com
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