Why does Galp say there will be no jet fuel shortages in Portugal despite European airlines' concerns about the Iran war?

Galp states there will be no supply disruptions because demand is fully covered by national production at its Sines refinery (which supplies ~80% of jet fuel consumed at Portuguese airports), adequate stock levels, and already-contracted imports — with mitigation measures like daily supply-demand monitoring, earlier cargo contracting, higher stocks, and diversified sourcing (prioritizing the U.S., West Africa, and Europe over Middle Eastern suppliers) implemented since early March.

What is Galp's primary source of jet fuel for Portuguese airports, and how does it ensure supply stability?

Galp’s primary source is its own production at the Sines refinery, which supplies around 80% of the jet fuel consumed at Portuguese airports and sources crude mainly from Galp’s offshore fields in Brazil; to ensure supply stability, it maintains adequate stock levels, contracts imports in advance, diversifies import origins (shifting away from the Middle East toward the U.S., West Africa, and Europe), and implements proactive mitigation measures including daily supply-demand monitoring and closer tracking of geopolitical risks.

Galp does not expect jet fuel shortages in Portugal

Apr 24, 2026

Portugal's Galp stated it does not anticipate jet fuel shortages despite airline concerns, citing adequate national production and diversified import sourcing. It plans to prioritize supplies from the US, West Africa, and Europe to mitigate geopolitical risks.

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Galp does not expect jet fuel shortages in Portugal