Below is a summary of the main energy-related events in Russia, the CIS and neighboring countries on November 29, 2005
* Russian energy giant Gazprom said:
- The company will make over $27 billion from natural gas exports in 2005
- It is planning to increase the price for natural gas exports to the Baltic states from $80 to $120-$125 per thousand cubic meters in 2006
- It will suffer net losses of 2 billion rubles ($69 million) from natural gas transportation services provided to independent producers by the end of 2005
* International rating agency Standard & Poor's assigned a BB rating to Gazprom's proposed senior unsecured loan participation notes to be issued by Gaz Capital S.A., a Europe-based subsidiary, to finance the gas monopoly's $15 billion borrowing program
* Russian electricity monopoly Unified Energy System said:
- It expects its market capitalization to jump from $12.2 billion in 2004 to $18 billion in 2005
- Russia's power industry lost $500 million in 2005 because of tariffs set in accordance with the deflation principle
- It considers exporting electricity to Iraq, China and North and South Korea
- The problem of cross subsidies in the Russian electric power sector must be solved by 2007
- It is planning to outline programs of strategic development in December for companies integrated into its structure for five years
- It will have to cut power supply for Moscow consumers because of capacity bottlenecks
* Novatek, Russia's largest private natural gas producer, wants to build a gas-condensate pipeline with a projected annual capacity of 20-25 million metric tons to link northern Siberia with the north of European Russia
* The potential buyer of the Yukos-held 53.7% share package in Lithuanian oil refinery Mazeikiu Nafta will be named later this week, the Lithuanian prime minister said
* Russian oil major LUKoil has approved new regulations to help prevent securities insider trading
* A turbo generator from the fourth energy unit of the Novovoronezh Nuclear Power Plant (NPP) in Voronezh was shut down Tuesday by an automated protection system
