Galp admits new investments in Sines but calls for greater regulatory predictability

Galp is open to new investments in its Sines refinery but requires a stable regulatory framework to predict future fuel demand. The refinery is currently operating near maximum capacity, necessitating additional investments for increased production. Galp highlights the importance of regulatory support for future capacity expansion, contrasting Portugal's situation with Spain's clearer incorporation targets. The company is also investing in green hydrogen and sustainable aviation fuels to meet national goals by 2030. Galp appreciates the European Commission's strategic dialogue on refineries but calls for concrete measures to enhance competitiveness and regulatory predictability.