Below is a summary of the main energy-related events in Russia, the CIS and neighboring countries on December 29, 2005
* Russia's minister of industry and energy said Russia and Ukraine had not yet agreed on terms for gas deliveries and transit
* Russian President Vladimir Putin said Russia had offered Ukraine a $3.6 billion loan to cover expenses on the move to market prices for natural gas
* Ukraine's leading energy company, Naftogaz Ukrainy, will implement all the terms of its contracts for the transit of Russian natural gas to Europe, company CEO Alexei Ivchenko said
* President Putin criticized how the Russia-Ukraine dispute over gas prices had turned into a bilateral crisis
* Russian Prime Minister Mikhail Fradkov signed a government resolution lifting the "ring fence" from around Russian energy giant Gazprom's shares, thereby enabling foreigners to buy stock, the government press service said
* Gazprom said it would buy 30 billion cubic meters of natural gas at $65 per 1,000 cu m from Turkmenistan in 2006
* Russian state-owned oil company Rosneft said:
- Its net profit will reach 146.6 billion rubles (about $5.1 billion) in 2005
- It will produce 74.6 million metric tons of oil and gas condensate and 13.1 billion cubic meters of gas in 2005
- It is planning to consolidate its 12 major subsidiaries in the first half of 2006, and to IPO in the second half of next year
- Its debt to financial institutions will not exceed $10.8 billion, excluding the disputed liabilities of Yuganskneftegaz, the former core production unit of embattled oil company Yukos
- It plans to double its oil deliveries to China
* The Ministry of Economic Development and Trade proposed lower tax rates for oil and oil products of higher quality
* Azerbaijan's energy company Azerenergy said the country could refuse to continue buying electricity from Russia if no price compromise was reached
* The Georgian prime minister said Georgia had not yet decided to sell its trunk pipeline to Gazprom
* The Russian Finance Ministry said The Stabilization Fund, which Russia had set up to accumulate surplus revenues from high world oil prices, totaled over $47 billion as of December 27
