Galp Energia, SA (GLPEF) CEO Carlos Gomes da Silva on Q4 2018 Results – Earnings Call Transcript

Galp Energia, SA (GLPEF) CEO Carlos Gomes da Silva on Q4 2018 Results – Earnings Call Transcript

Galp Energia, SA (OTC:GLPEF) Q4 2018 Earnings Conference Call February 11, 2019 6:00 AM ET. Advertisements

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Mozambique Oil & Gas: Area 4 Secure Enought Offtake Commitments for the Rovuma LNG Project

Mozambique Oil & Gas: Area 4 Secure Enought Offtake Commitments for the Rovuma LNG Project

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.

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Mozambique Oil & Gas: Galp Energia reaches all provinces

Mozambique Oil & Gas: Galp Energia reaches all provinces

Reinforcement of the service station network, having doubled the number of service stations in the country in only four years. Galp is investing in two new logistical bases in Matola and Beira. Gas projects in the Rovuma basin position Mozambique as one of Galp’s growth drivers for the next decade. Galp has been present in Mozambique for more than 60 years and is one of the largest foreign investors in the country.

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Global Oil & Gas: Galp Energia enters 20-year LNG purchase and sales agreement with U.S.’s Venture Global

U.S. purchases are expected to start in 2022. Galp is set to acquire one million tons of LNG per year. Agreement secures balanced and competitive sourcing for Galp’s international natural gas activities.

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Mozambique Oil & Gas: Galp expects flat 2018 earnings, plans to splash about 1 billion euros

Portuguese oil and gas company Galp Energia, the owner of a 10 percent stake in Eni’ Coral South FLNG project in Mozambique, said Tuesday it expects almost flat pre-tax earnings this year after a 32 percent increase in 2017.

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Global Oil & Gas: Galp Cuts Investment Plan, Sees Higher EBITDA Growth

Portuguese oil company Galp Energia cut its spending target for the next five years by around 20 percent and trimmed its output growth forecast, but slightly increased its earnings growth forecast after delivering a better-than-expected 2016 result.

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Africa Oil & Gas: Galp Energia tenders to sell Nigeria LNG cargoes

Lisbon-based Galp Energia has reportedly issued a tender aiming to sell liquefied natural gas cargoes from the Nigeria LNG facility on the Bonny Island.Reuters quoted trade sources as saying Galp Energia is looking to sell four to six cargoes annually for a period of five years.

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