Galp's negotiations with the Spanish company Moeve over a possible merger in the downstream business form part of a strategy to build partnerships with “highly credible operators”, in a complementarity that in this case represents the opportunity to “create large European groups on the Iberian Peninsula”, according to Paula Amorim, chair of the Portuguese oil company. Galp and Moeve's main shareholders ...
"Enormous European strategic relevance": how Paula Amorim views Galp's negotiations with Moeve
Thursday, 8 January 2026RSS
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Context & Explainers
Galp is Portugal’s integrated energy company operating in fuel, natural gas, electricity retail, refining and upstream activities, and it supplies households and businesses across the country. For expats, issues at Galp—such as recent billing disruptions—can mean unexpected large utility bills or service problems, so check your account, contact the supplier and keep billing records.
Moeve is a Spanish energy company that, as of January 2026, has been in talks with Portugal's Galp about combining parts of their assets and creating two new business platforms; the Portuguese government says it is monitoring the negotiations because the transaction could involve strategic assets tied to national energy sovereignty. People watching energy supply, regulation or prices should note that large cross‑border asset reorganisations can change ownership, investment decisions and regulatory oversight.
