Hungarian state seeks control of natural gas reserves

10/15/2012

Hungarian state seeks control of natural gas reserves

BUDAPEST -- Hungary's government is motioning legal changes to take the country's natural gas reserves into state control, political daily Nepszabadsag reported.

The bill submitted by a government official stipulates that any natural gas storage sites of strategic importance would be in state control, and that the state would have a purchase option for any existing ones constructed by private enterprises. Hungary currently has one such site, built and operated by MOL Nyrt.

Dow Jones Newswires

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