The Ministry of Energy and Coal Industry of Ukraine has decided to merge National joint-stock company Naftogaz Ukrainy and its subsidiary Gaz Ukrainy, according to a statement in the Uriadovy Kurier newspaper.

"Gaz Ukrainy announces the cessation of its activities and its joining the successors: Naftogaz Ukrainy and Naftogaz's subsidiary Budivelnyk," reads the statement, Interfax-Ukraine reports.

Creditors' claims are accepted until January 20, 2012.

Earlier Naftogaz Ukrainy renewed all contracts for natural gas supplies with gas supply and gasification enterprises and municipal heating companies, which earlier were signed with its subsidiary Gaz Ukrainy.

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