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On July 23, the Russian Ministry of Defense warned of security risks in its Black Sea waters following intensified attacks on ships by Ukraine. According to a weekly briefing published on the Ministrys website, the warning targets all vessels within Russias exclusive economic zone in the Black Sea region and mentions the potential threat posed by Ukrainian unmanned aerial and sea-based aircraft. This announcement comes after Ukraine escalated its attacks on ships in the Black Sea and the Sea of Azov. According to a statement from the Ukrainian General Staff, from July 8 to July 20, at least 124 ships with ties to Russia were attacked, including 89 oil tankers.Databricks and Microsoft (MSFT.O) have expanded their partnership to help businesses integrate business context into enterprise AI.On July 23, Google revealed in a quarterly filing that its future contract spending commitments reached $811 billion as of the end of June, an increase of nearly $500 billion from three months prior. These figures, disclosed separately from Googles capital expenditure budget, represent purchases already made under supply agreements and outstanding purchase orders. Approximately $200.7 billion of these are short-term purchases. These commitments cover a wide range of areas, including chips, data centers, power, inventory, and content licensing. This significant increase highlights the rapid pace at which Google is locking up resources as it expands the infrastructure supporting its artificial intelligence business. This disclosure further demonstrates the astonishing scale of its AI infrastructure development. Googles parent company, Alphabet, stated on Wednesday that it expects to invest approximately $195 billion to $205 billion in capital expenditures alone this year to compete with companies like Microsoft, Meta, and Amazon in expanding AI computing power.Amazon (AMZN.O) fell 5%, its biggest intraday drop since February 6.Market news: Alphabet (GOOG.O) has pledged to spend $811 billion in the future.

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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