Mol fights for gas action.

A Budapest court has rejected Mol's claim against the Hungarian government for losses caused by domestic gas price restrictions.

But chief financial officer Michel-Marc Delcommune says it will keep appealing as a "permanent reminder" its shareholder value is being damaged by the government's actions.

Recently the government agreed to hike prices for gas sold to industry by 43pc (FSUE, 20 October, p5). But this will have little impact on Mol's finances in the short term -- the firm still stands to lose around 91bn forints ($290mn) this year as a result of a 6pc price rise cap enforced in July.

"Our international shareholders were told, during the …