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Energy Watch, December 28

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MOSCOW, December 28 (RIA Novosti)

Below is a summary of the main energy-related events in Russia, the CIS and neighboring countries on December 28, 2005

* Ukrainian Prime Minister Yuriy Yekhanurov said Russia owed Ukraine 1.5 billion cu m of natural gas under settlements with Ukraine's national natural gas company Naftogaz, which Russia's energy giant Gazprom denied

* Yuriy Yekhanurov called Gazprom's price of $230 per 1,000 cu m of gas unacceptable

* Russian oil major LUKoil said it had signed an agreement through its 100%-owned subsidiary LUKoil Finance Limited (Gibraltar) to take out a $1.93 billion syndicated loan to refinance its interim loan for the purchase of Canada's Nelson Resources Limited

* The federal hydro-generating company HydroOGK, a subsidiary of Russian electricity monopoly Unified Energy System, said it expected its 2005 net profit to be 2.2 billion rubles (about $76.6 million)

* Gazexport, Gazprom's export arm, said Russia could participate in the privatization of Georgia's gas trunk pipeline

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