LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

August 26, 2022

How Much Has the Matanzas Fire Set Cuba Back?

A massive fire this month partially destroyed the Matanzas super tanker port in Cuba. // Photo: TV Yumuri.

Q

A

Jorge R. Piñon, director of the Latin America and Caribbean Energy Program at the Center for International Energy and Environmental Policy at the University of Texas at Austin: “The loss of half of the storage capacity of the Matanzas super port has permanently handicapped Cuba’s ability to optimize the transshipment of crude oil and fuel oil imports to refineries and thermoelectric power plants. This situation worsens the already frail electric power generation infrastructure by affecting the delivery and inventories of fuel. The burning of heavy high sulfur Cuban crude oil as fuel has deteriorated the performance and life cycle of the base-load generating units beyond repair. Postponement of manufacturers’ maintenance schedules and, most importantly, capital maintenance, has shortened the life of the more than 40-year-old units. Ten out of 20 generating units within Cuba’s eight base-load thermoelectric power plants are out of service, and those remaining are operating at less than…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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