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Marketing 

Galp Energia's volume sales of natural gas in the Iberian Peninsula went to the free market, which represented 75% of the overall in 2010, and the regulated market (25%)

 

The liberalized market comprised sales of natural gas to electricity producers, which are committed up to 2020, the trading segment and the industrial market. Regulated sales went to both the wholesale segment (industrial clients buying more than two million m3 a year) and the retail segment (residential, commercial and industrial clients buying less than two million m3 a year).

 

Of the 4,926 million m3 of natural gas sold by Galp Energia in the Iberian Peninsula in 2010, 3,702 million m3 went to the liberalised market and the remaining 1,223 million m3 went to the regulated market.

 

On 30 April 2010, Galp Energia completed the acquisition from Gas Natural of two natural gas distribution companies in the Madrid region: Madrileña Suministro de Gas SUR and Madrileña Suministro de Gas. This transaction brought in 412,000 new, mostly residential, customers with a total annual consumption of 300 million cubic metres and covering an area around 40 municipalities in the northern Community of Madrid. The Spanish residential market has a highly seasonable pattern as the demand for natural gas for heating rises with cold weather.

 

At the end of 2010, Galp Energia had 1.3 million natural gas customers in the Iberian Peninsula, which made the company the second-largest operator in the market. 

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Portugal

In 2010, Galp Energia sold 4,088 million cubic metres of natural gas to end customers in Portugal, with the power and industrial sectors exceeding 90% of this.

 

The industrial sector, where competition is most intense, saw Galp Energia secure a leading role as a natural gas supplier thanks to its ability to offer differentiated and innovative propositions. These include the combined supply of natural gas, electricity and oil products, which raised customer loyalty and created opportunities for a broad range of new technical services.

 

In this sector, were sold 1,762 million cubic metres. The first full operating year of the Sines refinery’s cogeneration plant had a favourable impact of 252 million cubic metres on the demand for natural gas. In the industrial segment, the volumes in the liberalized market reached 1,104 million cubic metres, and in the regulated market reached 658 million cubic metres.

 

In the residential and small business segment, Galp Energia attained market leadership as the first operator to make a proposition to small businesses in the liberalised market. In 2010, were sold 388 million cubic metres, comprising a 9% share of natural gas sales to end customers in Portugal. Regulated sales continued to predominate, accounting for 81% of the segment.

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Spain

On 30 April 2010, Galp Energia completed the acquisition from Gas Natural of two natural gas distribution companies in the Madrid region. In Spain, volumes sold in 2010 were 155 million cubic metres as sales to the industrial sector tumbled to 40 million cubic metres.

 

This resulted from lower industrial activity, which led to excess supply and hampered the growth of new operators. The acquisition in Madrid generated the remaining sales of 115 million cubic metres to the residential segment.

 

Other segments


In 2010, sales to the trading and reseller segments in both Portugal and Spain rose by 190 million cubic metres to 683 million cubic metres.

 

Natural gas sales in trading, primarily sales in Spain, are occasional sales that aim at exploiting opportunities for natural gas sales at a given time. 

 

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Last update: 09 Jun 2011

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