Cuba Energy Insights

Cuba's energy sector is a dynamic and evolving landscape, reflecting the country's commitment to managing its resources efficiently. In 2023, Cuba achieved a remarkable milestone with 100% electrification, ensuring that all residents have access to electricity. The electricity consumption stood at 11.951 billion kWh, supported by an installed generating capacity of 7.264 million kW. Despite these advancements, the country faces challenges such as transmission and distribution losses, which amounted to 3.352 billion kWh. Petroleum plays a significant role in Cuba's energy matrix, with a total production of 34,000 barrels per day, while consumption reached 118,000 barrels per day. Additionally, the nation holds crude oil reserves estimated at 124 million barrels as of 2021. Natural gas usage is precisely aligned with production, both at 850.133 million cubic meters in 2023, highlighting efficient resource management. As Cuba continues to adapt and innovate in its energy strategies, these statistics underscore its ongoing efforts towards sustainable energy use.