Financial Times FT.com

Energy games

Published: April 1 2009 03:00 | Last updated: April 1 2009 03:00

Just when it seemed as if the European Union was finally getting its act together on a common energy policy, along comes a member state and throws a bucket of sand into the machine.

This time it is Austria. OMV, the energy group where the state has a big stake, has sold a €1.2bn holding in Mol, Hungary's oil and gas company, to Surgutneftegaz, a Russian oil group with close Kremlin ties.

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