Sweden issues "early warning" of potential jet fuel shortage
Officials said current supplies are adequate, but a prolonged disruption could force rationing of aviation fuel and raise prices across the market.
- On Tuesday, Energy Minister Ebba Busch warned that Sweden faces a potential jet fuel shortage stemming from Middle East war disruptions, based on a Swedish Energy Agency assessment.
- A two-month Middle East war shut the Strait of Hormuz, cutting global oil supply by 20% and pushing crude prices to over $100 a barrel, affecting European Union fuel markets.
- Energy Agency Director General Caroline Asserup noted current supplies remain adequate but warned that price fluctuations may prompt airlines to cancel flights for commercial reasons.
- Authorities warned that in a worst-case scenario Sweden could face aviation fuel rationing, though Prime Minister Ulf Kristersson noted the nation remains less affected than others due to fossil-fuel-free electricity.
- Restoring oil supplies would take considerable time even after a peace deal, Busch cautioned; Sweden's considerable refinery capacity using North Sea oil provides a buffer against immediate supply shocks.
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The assessment carried out by the Swedish Energy Agency does not, for the time being, address the need for urgent measures.
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The Swedish government warned on Tuesday of a possible shortage of jet fuel due to supply disruptions caused by the war in the Middle East and the closure of the Strait of Hormuz.
The Swedish Government, which today issued an alert due to the risk of fuel shortages for aviation in Europe, as a result of the conflict in the Middle East and the blockade of the Strait of Ormuz. We warned in a timely manner that there would be no enough fuel for aviation, said the Minister of Energy, Ebba Busch, at a press conference. The Swedish Government recommends that anyone travelling by plane, especially outside Europe, should be kept …
Malay Mail
Sweden issues ‘early warning’ of potential jet fuel shortage
STOCKHOLM, April 28 —Sweden has given notice of a potential shortage of jet fuel stemming from the war in the Middle East, Energy Minister Ebba Busch said today.A two-month war in the Middle East has shut the Strait of Hormuz and cut the global oil supply by 20 per cent in the world’s biggest-ever supply disruption, pushing up crude prices to well over US$100 (RM395) a barrel. The Swedish government said that there was currently a good supply …
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