Paulo Tarso F. de Araujo

Senior executive responsible for leading Galp’s Supply & Trading agenda, integrating natural gas, power, oil and liquids into a broader energy management and business development platform. Core areas of responsibility include supply strategy, trading, portfolio optimization, commercial development, partnerships, contract negotiation, stakeholder engagement and risk management. Key responsibilities and contributions: • Lead integrated energy supply, trading and portfolio management activities. • Manage exposure to natural gas, power, oil and liquids markets, balancing growth, margin and risk. • Develop commercial opportunities and strategic partnerships across the energy value chain. • Drive portfolio optimization through market intelligence, commercial strategy and trading opportunities. • Support business expansion, market positioning and organizational growth. • Lead multidisciplinary teams and represent the company in strategic industry and stakeholder engagements. • Contribute to energy transition initiatives and the development of integrated energy solutions. I am focused on building and scaling an integrated energy management platform, connecting supply, trading, commercial development and portfolio strategy to support Galp’s growth ambitions in the region.

Led the establishment of Galp’s power trading and commercialization business in Brazil, creating the company’s first structured presence in the local electricity market and laying the foundation for future growth in the energy sector. The role combined business development, trading desk implementation, portfolio management, customer origination, market positioning and governance in a highly dynamic and regulated environment. Key contributions included: • Established Galp’s first power trading desk in Brazil. • Developed relationships with customers, generators, traders and key market stakeholders. • Structured commercialization and portfolio strategies to support growth and market participation. • Implemented trading, risk management and governance processes. • Integrated power commercialization with Galp’s broader natural gas, trading and energy management activities. This role helped position Galp as an active participant in the Brazilian power and gas market, translating a strategic growth initiative into a structured commercial platform with strong market credibility and execution discipline.

Elected Vice President of Abraceel’s Board of Directors, contributing to the strategic direction of one of Brazil’s leading energy market associations. Participate in board-level discussions focused on market liberalization, regulatory modernization, consumer choice, market security and the continued development of the Brazilian free energy market. Key areas of contribution: • Support Abraceel’s strategic agenda for the expansion and modernization of the free energy market. • Engage with industry leaders, regulators and policymakers on key market and regulatory developments. • Contribute to discussions aimed at strengthening competition, transparency and long-term market sustainability. This role reflects my commitment to supporting the evolution of a more open, competitive and mature energy market in Brazil.

Entrepreneurial role focused on building an integrated energy business in Brazil, combining power commercialization, trading and advisory. As Partner and Commercial Director, I contributed to the company’s commercial strategy, market positioning, customer origination and relationship development with customers, generators, traders and strategic partners. I also supported the early development of the distributed generation business, helping structure new renewable energy solutions and commercial models for customers. This experience reinforced my ability to build energy businesses from the ground up, connecting entrepreneurship, commercial strategy and market development.

Led the governance, management and commercial agenda of Petrobras’ energy commercialization company, with responsibility across business management, energy commercialization, regulatory interfaces, risk management and stakeholder engagement. The role involved leading a company operating in the Brazilian power market, connecting commercial opportunities, market rules, contractual discipline, governance standards, financial performance and operational reliability. This experience was a key milestone in my professional development at Petrobras, strengthening my executive foundation in company management, corporate governance, energy commercialization and institutional leadership within one of Brazil’s most relevant integrated energy groups.