Russian gas giant Gazprom chairman Alexei Miller said on Friday all existing gas agreements between Russia and Ukraine would need to be revised following the liquidation of Ukraine's Naftogaz, in a rebuff to a threat by Ukraine to scrap its main energy company and tear up its gas deals.

"Of course after Gazprom merges with Naftogaz, [the latter] will cease to exist, there will be a liquidation period and then some time later, after all the necessary formalities become valid, a completely new company will be operating on the market. This is why all existing agreements will be revised," Miller said in an almost exact duplicate of an announcement by Ukrainian Prime Minister Mykola Azarov earlier on Friday, RIA Novosti reported.

Gazprom has long coveted Ukraine's gas transit system, and Russia has offered a merger of the two companies, but Ukraine has insisted such a deal would infringe its sovereignty.


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