LISBON, April 24 (Reuters) - Portugal's Galp, the country's only refiner and dominant jet fuel supplier, does not expect supply disruptions despite concerns raised by some European airlines ahead of
Galp Confident There Will Be No Jet Fuel Shortages in Portugal This Summer
Galp's Jet Fuel Supply Strategy and Market Outlook
Current Supply Situation and Market Share
LISBON, April 24 (Reuters) - Portugal's Galp, the country's only refiner and dominant jet fuel supplier, does not expect supply disruptions despite concerns raised by some European airlines ahead of the holiday travel season, it said on Friday.
Galp said it supplies around 80% of the jet fuel consumed at Portuguese airports through its own production at the Sines refinery, which sources its crude mainly from Galp's offshore fields in Brazil.
Supplementary Imports and Regulatory Compliance
It also imports smaller volumes mainly to cover periods of higher demand and to comply with mandatory European requirements for the use of sustainable aviation fuel.
European Airlines' Concerns and Geopolitical Risks
European airlines have warned that the Iran war could trigger jet fuel shortages, as Europe relies on the Middle East for about 75% of its jet fuel imports.
Galp's Diversified Import Strategy
Galp said imports in past years were sourced mainly from refineries in Asia and the Middle East, but it would instead prioritise jet fuel from the United States, West Africa and Europe. These imports will likely be concentrated between May and October, it added.
Supply Security Measures and Outlook
"At this stage and in the current context, no supply disruptions are expected in the coming months, with demand seen fully covered by national production at the Sines refinery, adequate stock levels and already contracted jet fuel imports," Galp said in a statement.
Galp said it had rolled out mitigation measures since early March to bolster supply resilience, including daily supply-demand monitoring, closer tracking of geopolitical risks, earlier cargo contracting, higher stocks and diversified sourcing.
(Reporting by Sergio Goncalves; editing by Andrei Khalip, Kirsten Donovan)
