Naftogaz wins court battle over $19 million

12 September, 04:15 PM
Centrenergo energy company has lost an appeal against Naftogaz (Photo:spfu.gov.ua / Facebook)

Centrenergo energy company has lost an appeal against Naftogaz (Photo:spfu.gov.ua / Facebook)

Ukraine’s publicly-owned Centrenergo energy company has lost an appeal to overturn an earlier court order to pay UAH 714 million ($19.3 million) to the country’s oil and natural gas operator Naftogaz, Ukrainian business news outlet Finbalance reported on Sept. 12.

The initial court ruling was handed down on Nov. 2021. Centrenergo has been trying to appeal the decision ever since.

The dispute was over gas shipments from Naftogaz in January 2021.

Centrenergo lost a similar appeal on July 6, over another dispute with Naftogaz regarding $6.8 million worth of natural gas deliveries.

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