Galp Energia

Business and Financial Review • May 2, 2018

Galp and Venture Global LNG sign 20-year LNG Sale and Purchase Agreement for 1 MTPA

Galp informs that it has signed today a 20-year LNG Sales and Purchase Agreement (SPA) with Venture Global LNG for 1 MTPA (million tonnes per annum) from the Calcasieu Pass LNG export facility in Cameron Parish, Louisiana (USA).

The agreement is subject to the Final Investment Decision by Venture Global LNG for the construction of the facility, which is currently under development and expected to start in 2022. The agreement is also subject to the satisfaction of customary conditions precedent, including the approval of the relevant competent authorities, such as the issuance of the Export Authorisations and the Federal Energy Regulatory Commission (FERC) Order.

This agreement fits Galp's global strategy by securing a balanced and competitive long-term sourcing for its international natural gas activities, contributing for the development of efficient and environmentally sustainable energy solutions.

About Venture Global / Calcasieu Pass Facility

Venture Global LNG will be an LNG producer headquartered in the USA. Venture Global Calcasieu Pass, LLC, a subsidiary of Venture Global LNG, is developing Calcasieu Pass, an LNG export facility in South-Western Louisiana's Cameron Parish. This LNG production and export modular facility is planned to have nine liquefaction trains installed, and expected to produce over 10 MTPA.

Galp Energia, SGPS, S.A. Investor Relations:

Pedro Dias, Head Otelo Ruivo, IRO Cátia Lopes João G. Pereira João P. Pereira Teresa Rodrigues Contacts: Tel: +351 21 724 08 66 Fax: +351 21 724 29 65

Address: Rua Tomás da Fonseca, Torre A, 1600-209 Lisbon, Portugal Website: www.galp.com Email:investor.relations@galp.com

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This announcement may include forward-looking statements. Forward-looking statements are statements other than in respect of historical facts and accordingly actual events or results may differ materially from those expressed or implied by such forward-looking statements. Important factors that may cause actual results to differ from forward-looking statements are referred in the Annual Accounts Report of Galp for the year ended 31 December 2017. Galp does not intend to, and expressly disclaims any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this announcement to reflect any change in events, conditions or circumstances.