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Hungary's MVM sees E.ON Energie Romania deal closing in June or July
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Natural Gas World - Latest News
Hungary's MVM sees E.ON Energie Romania deal closing in June or July- Hungarian state-owned energy company MVM Group expects to close its deal to buy a majority share in E.ON Energie Romania in June or July, MVM's chief executive told business website Portfolio.hu on Thursday.
MVM CEO Karoly Matrai told portfolio.hu that MVM had no intention of divesting the companies it plans to acquire in Romania and said that MVM would supply its Romanian customers using local gas sources.
"Transporting Russian gas to Romania would impose enormous transit costs on us," he said.
E.ON Energie Romania is one of Romania's biggest gas and electricity providers, serving around 3.4 million customers.
Matrai also said that diversification was important but liquefied natural gas shipments were not competitive in price with Russian gas imported via pipeline to Hungary.
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