Portugal ups gas imports from Russia by 33%
Portugal has begun importing more natural gas from Russia, increasing the volume by 33% after imports fell 62% in 2022. It is now the third main supplier of gas after Nigeria and the United [...]
Galp profits exceed €1Bn in 2023
The Portuguese energy company Galp posted adjusted profits of €1.2Bn in 2023; an increase of 14% on the €881 million registered in 2022. The company’s adjusted EBITDA fell 8% in like-for-like [...]
Galp to produce green aviation fuel
The Portuguese gas and oil company Galp says it will begin producing sustainable or green aviation fuel in Portugal. The announcement was made by the company’s CEO Andy Brown at a ceremony that [...]
Costa announces extra inflation offset measures
Portugal’s Prime Minister António Costa has announced that the government will adopt a new raft of measures in September to offset inflation which is currently running at over 8% and affecting [...]
Diesel to go up 18 cents and petrol 9
The price of fuel in Portugal is set to go up again next week with diesel and petrol costing 18 cents and 9 cents more respectively. It dashes hopes that energy prices which had fallen this week [...]
Galp cuts fuel prices in line with international market listings
The Portuguese energy company Galp says it has “fully” reflected the drop in fuel prices and that its profit margin has not gone up. This was after the government had said that the price of [...]
