LISBON, April 20 (Reuters) - Portugal is confident there
will be no jet fuel shortages at the country's airports in the
coming months, despite concerns among European airlines ahead of
the holiday travel season.
Portuguese Infrastructure Minister Miguel Pinto Luz told
reporters on Monday that the government was in contact with oil
companies and "knows what stock levels are available at national
airports", without revealing them.
European airlines have warned the Iran war could trigger jet
fuel shortages, as Europe relies on the Middle East for about
75% of its jet fuel imports.
"It is a problem at a European scale, we are monitoring the
situation closely ... our goal is to ensure that nothing fails
in the coming months. We believe supply will continue to be
guaranteed," Pinto Luz added.
Portugal is more shielded from the conflict than some other
European countries, as its dominant jet fuel supplier to
airports, Galp Energia, sources its crude mainly from
Brazil and processes it into jet fuel at its Sines refinery.
"At this stage, no disruptions are anticipated in the coming
months, a period during which consumption is covered by Galp's
own production, available stocks and imports," it said.
Galp is also taking measures to secure jet fuel supply.