The Gas and Power business segment groups Galp Energia’s natural gas procurement, distribution and marketing activities, and its electrical and thermal power generation functions.
The natural gas business involves purchasing natural gas for marketing in the Iberian Peninsula, where the Spanish market recently gained a growing importance. This occurred through Galp Energia acquiring Gas Natural's commercialisation activities in the Madrid region. Currently, Galp Energia has supply contracts of six billion m3 of natural gas a year from Algeria and Nigeria.
Our growing power business which comprises multi-generation, either by its wind power capacity or by its cogeneration plants, with an total installed capacity of 175 MW. In addition to current projects in operation, Galp Energia has a developing portfolio of new cogeneration projects and wind power.