The two groups announced an agreement to hold “detailed discussions” about a future alliance involving joint ventures for oil refining and fuel sales.
Galp and Moeve prepare alliance to create an Iberian giant capable of refining 700,000 barrels of oil per day
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.
