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People: Galp Energia SGPS SA (GALP.LS)

GALP.LS on Lisbon Stock Exchange

17 Sep 2019
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Carmona de Oliveira Ricardo, Pedro 

Mr. Pedro Carmona de Oliveira Ricardo serves as Executive Director of Galp Energia, SGPS SA. since April 2015. He is also the member of Executive Committee and is responsible for the Galp Gas & Power business unit. He joined Transgás in 1994, the company that brought the natural gas into Portugal. Negotiated the long term gas sales agreements with the LDC’s and with the power plants, representing sales above 1.5bcm/year for 20 years. One year later was nominated head of gas supply and sales to power market and negotiated the transportation agreements that allowed the transit of gas in Morocco and Spain into Portugal. In 1998 was nominated executive director of Transgás with responsibilities in several areas: supply, engineering, and operation & maintenance. Was responsible for the contractual arrangements (3 long term Gas supply Agreements with Nigeria LNG, “Tolling Agreemtent” with the Terminal, etc.) that allowed the introduction of LNG in Portugal in 2000 through Huelva and in 2003 in the Sines LNG Terminal. From 2002 until 2005 was executive director of GDP Distribuição, the Galp Energia holding for the gas distribution segment, and executive director of some of the distribution companies. Since 2006 has been responsible for gas supply and trading of gas and power within GalpEnergia. Finally during these last years has been leading the internationalization of these activities, which now represent over 50% of the gas business in Galp. He graduated in Chemical Engineering in 1987 at Instituto Superior Tecnico in Lisbon and from MBA program at Universidade Nova de Lisboa in 1993.

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