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Energy Watch, December 30

MOSCOW, December 30 (RIA Novosti)

Below is a summary of the main energy-related events in Russia, the CIS and neighboring countries on December 30, 2005

* Russian natural gas monopoly Gazprom said it would cut off gas supplies to Ukraine at 7 a.m. GMT January 1 if no contract were signed, but would ensure uninterrupted supplies to European consumers despite the ongoing dispute with Ukraine

* Ukrainian President Viktor Yushchenko proposed freezing prices for Russian natural gas supplies to Ukraine until January 10, when gas talks will resume, but Gazprom responded calling the offer unacceptable

* Yushchenko said Ukraine was introducing a special regime to ensure Russian gas flows to Ukraine and Europe until a contract was signed with Russia

* Ukrainian Prime Minister Yuriy Yekhanurov said Ukraine would receive 40 billion cubic meters of natural gas from Turkmenistan in 2006 but refused to specify the price

* Yekhanurov said Kiev could raise the rent Russia paid for naval bases on the Black Sea if the price of Russian natural gas supplies to Ukraine increased

* Gazprombank, a subsidiary of the Russian natural gas monopoly, said the preparation of infrastructure to make a uniform procedure for the circulation of Gazprom's shares on both domestic and foreign markets had been completed

* Gazprom announced a record net profit for 2005 of 177 billion rubles (about $6 billion)

* Gazprom said it had cut its managerial costs by 11 billion rubles (about $385 million) in 2005 through better cost management

* A senior Russian Finance Ministry official said oil export duties might be reduced from $179.6 to $160.8 per metric ton from February 1

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