Galp Energia

M&A Activity • Feb 12, 2020

Galp and Nigeria LNG sign an agreement for LNG sourcing

Galp informs that it has signed a Sale and Purchase Agreement (SPA) with Nigeria LNG Limited (NLNG) to ensure the sourcing of 1 million tons per year (mtpa) of LNG from NLNG's Trains 1, 2 and 3. The contract will be in place for 10 years, starting in October 2021.

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

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

Pedro Dias, Head Otelo Ruivo, IRO Inês Clares Santos João G. 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

Reuters: GALP.LS Bloomberg: GALP PL

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 2018. 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.