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The United States announced that semiconductor foundry GlobalFoundries will receive up to $300 million in funding.The United States announced a letter of intent to invest $874 million in semiconductor research and development.Wells Fargo raised its price target for PayPal (PYPL.O) from $48 to $56.On July 29th, Malaysian Prime Minister Anwar Ibrahim announced that the Malaysian government will implement measures such as providing AI courses to young people of specific age groups to enhance their understanding and application of artificial intelligence (AI), thereby accelerating the development of Malaysias AI industry and the countrys digital transformation. Anwar announced the launch of the "AI for All" program. Starting August 31st, Malaysian youth aged 18 to 30 who complete designated AI-related courses will receive a free three-month subscription to mainstream AI software. The courses cover areas such as AI safety, generative AI, and cloud computing. The first phase is expected to benefit approximately 100,000 young people.July 29th - According to the Chosun Ilbo, Samsung Electro-Mechanics recently notified its sales partners that starting August 1st, the shipment price of its MLCC (Multi-Layer Ceramic Capacitor) products will be uniformly increased by 30% from the current level. Another leading MLCC manufacturer, Taiyo Yuden of Japan, has also issued a price increase notice, announcing that the price of its MLCC shipments will increase from September 1st. The reason given for the price increase is the sharp rise in the prices of raw materials and auxiliary materials. The company stated that it has been making almost every effort to reduce costs, but its own efforts alone are insufficient to fully absorb the increased costs.

In Colombia, natural gas consumption has outpaced production

Charlie Brooks

Jun 28, 2022 11:31


According to our most recent Colombia Country Analysis Brief, Colombia imported 14,2 billion cubic feet (Bcf) of natural gas to help meet its natural gas demand for electricity in 2020, when a drop in hydroelectric power was caused by drought.


In 2020, hydroelectricity will contribute to around 65% of Colombia's electrical generation, down from nearly 80% in earlier years. Since hydropower is Colombia's principal energy source, droughts may have a significant effect on the country's electrical producing mix.


The bulk of natural gas used in Colombia is produced domestically and employed to create electricity. In recent years, imports have progressively bridged the gap between domestic natural gas production and domestic demand. In 2020, Colombia produced 399 Bcf of dry natural gas, while domestic consumption was 413 Bcf.


Concerns over the reliability of the nation's electricity supply prompted the Colombian government to approve the Sociedad Portuaria El Cayao (SPEC) LNG import plant in November 2014. The facility started operations in November 2016. The administration has since proposed the Pacific Regasification LNG terminal as the nation's second LNG import plant.


EPM is currently developing the new hydroelectric dam project Ituango. The first of eight 300-megawatt generating units will commence operating in the second part of 2022. The whole project will have a capacity of 2.4 gigawatts when it is finished in 2025. If completed, the Ituango project would be the largest hydroelectric power plant in Colombia in terms of generating capacity. In 2020, the installed electrical production capacity of Colombia was 17 gigawatts.

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