Vanguard Energy Plans Biggest US Fuel Cargo to Cuba Since 1950s as Energy Crisis Deepens
Updated
Updated · Bloomberg · Jun 9
Vanguard Energy Plans Biggest US Fuel Cargo to Cuba Since 1950s as Energy Crisis Deepens
3 articles · Updated · Bloomberg · Jun 9
Summary
Advanced talks are underway for Vanguard Energy to send Cuba the largest US fuel shipment since the Eisenhower era, a rare move after decades of embargo-era restrictions.
Vanguard already ships small volumes of gasoline and diesel from Florida to the island and is now preparing to scale those deliveries up, President Matthew Klann said.
The planned cargo comes as Cuba grapples with an acute energy crisis that has increased pressure to secure imported fuel.
If completed, the shipment would mark the biggest US fuel flow to Cuba in roughly 70 years, underscoring how severe the island's supply crunch has become.