The Administration of Sines and Algarve Ports (APS) has given assurances that there “is the capacity to build a new liquified natural gas terminal” (LNG) in Portugal. This would “up storage [...]
Millennium bcp (Banco Comercial Portugues), which holds a 50% stake in Polish bank Bank Millennium), says it is only facing “immaterial non-credit exposure” from regional instability [...]
Consumers have seen fuel prices skyrocket 11.1% and gas 7.2% over the past two years according to data from the National Statistics Institute (INE). “Rising energy and fuel prices” are the two [...]
Just before midnight on December 31, 2021, the European Commission published a proposal that paved the way to investments in gas and nuclear energy being considered ‘environmentally sustainable’. [...]
Energy prices look set to soar in oil and gas dependant Portugal after Russia attacked parts of the Ukraine over night on Thursday. The invasion, which had chilling echoes of Hitler’s 1938 [...]
Spanish energy company Endesa, which operates in Portugal, saw its profits fall 11% in 2021 to €1.9Bn. Some 80% of this profit will be paid out to shareholders it was announced on Tuesday. [...]
The Spanish fuel group Repsol has posted a record €2.5Bn profit for 2021, returning its sales to pre-pandemic levels. The record results were party driven by an integrated business model and an [...]
Profits at Portugal’s EDP Renováveis rose 18% in 2021 to €655 million The profits were €99 million up on 2020 when the subsidiary company of EDP saw profits of €556 million. “The net result [...]
EDP Renováveis has completed the sale of a wind farm in Portugal to Onex. The transaction, announced in July last year, reports Jornal de Negócios, covers five wind farms with a total capacity of [...]
Electric car owners who are Galp customers will now be paying an extra 16% to charge their vehicles by next month. The company had already raised energy costs by 9.8% ( (off-peak hours) and 7.5% [...]
