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 cogeneration plants operations with an installed capacity of 160 MW, has a developing portfolio of new cogeneration projects and wind power.