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June 12th - In May, the total amount of cross-border RMB settlement under current account items was RMB 1.67 trillion, of which goods trade, services trade and other current account items were RMB 1.28 trillion and RMB 0.39 trillion respectively; the total amount of cross-border RMB settlement for direct investment was RMB 0.58 trillion, of which outward direct investment and foreign direct investment were RMB 0.22 trillion and RMB 0.36 trillion respectively.June 12th - At the end of May, the outstanding balance of domestic and foreign currency loans was 284.79 trillion yuan, a year-on-year increase of 5.4%. The outstanding balance of RMB loans at the end of May was 281.02 trillion yuan, a year-on-year increase of 5.5%. RMB loans increased by 9.11 trillion yuan in the first five months. By sector, household loans decreased by 631.4 billion yuan, of which short-term loans decreased by 694.2 billion yuan and medium- and long-term loans increased by 62.8 billion yuan; loans to enterprises and institutions increased by 9.63 trillion yuan, of which short-term loans increased by 3.77 trillion yuan, medium- and long-term loans increased by 4.99 trillion yuan, and bill financing increased by 699.9 billion yuan; loans to non-bank financial institutions decreased by 279.7 billion yuan. At the end of May, the outstanding balance of foreign currency loans was 553.2 billion US dollars, a year-on-year increase of 2.6%. Foreign currency loans increased by 8.2 billion US dollars in the first five months.June 12th - At the end of May, the balance of domestic and foreign currency deposits reached 352.38 trillion yuan, a year-on-year increase of 8.7%. The balance of RMB deposits at the end of May was 344.45 trillion yuan, a year-on-year increase of 8.7%. In the first five months, RMB deposits increased by 15.77 trillion yuan. Among them, household deposits increased by 5.63 trillion yuan, non-financial enterprise deposits increased by 1.26 trillion yuan, fiscal deposits increased by 1.91 trillion yuan, and deposits of non-bank financial institutions increased by 5.64 trillion yuan. At the end of May, the balance of foreign currency deposits reached 1.16 trillion US dollars, a year-on-year increase of 17.5%. In the first five months, foreign currency deposits increased by 103.2 billion US dollars.June 12th - Preliminary statistics show that the total social financing scale for the first five months of 2026 reached 17.48 trillion yuan, 1.16 trillion yuan less than the same period last year. Specifically, RMB loans to the real economy increased by 9 trillion yuan, 1.38 trillion yuan less than the same period last year; foreign currency loans to the real economy increased by 115.3 billion yuan (equivalent to RMB), 211.6 billion yuan more than the same period last year; entrusted loans decreased by 103.1 billion yuan, 91.8 billion yuan more than the same period last year; trust loans increased by 5.7 billion yuan, 57 billion yuan less than the same period last year; undiscounted bank acceptance bills decreased by 17.2 billion yuan, 151.4 billion yuan more than the same period last year; net financing of corporate bonds reached 1.67 trillion yuan, 757.7 billion yuan more than the same period last year; net financing of government bonds reached 5.67 trillion yuan, 634 billion yuan less than the same period last year; and domestic equity financing of non-financial enterprises reached 230.5 billion yuan, 79.9 billion yuan more than the same period last year.June 12th - Preliminary statistics show that as of the end of May 2026, the outstanding amount of total social financing was 458.81 trillion yuan, a year-on-year increase of 7.7%. Specifically, outstanding RMB loans to the real economy totaled 277.4 trillion yuan, a year-on-year increase of 5.5%; outstanding foreign currency loans to the real economy (converted to RMB) totaled 1.14 trillion yuan, a year-on-year decrease of 4.3%; outstanding entrusted loans totaled 11.22 trillion yuan, unchanged year-on-year; outstanding trust loans totaled 4.67 trillion yuan, a year-on-year increase of 7.1%; outstanding undiscounted bank acceptance bills totaled 2.13 trillion yuan, a year-on-year decrease of 6.2%; outstanding corporate bonds totaled 35.69 trillion yuan, a year-on-year increase of 8.4%; outstanding government bonds totaled 100.6 trillion yuan, a year-on-year increase of 15.1%; and outstanding domestic shares of non-financial enterprises totaled 12.43 trillion yuan, a year-on-year increase of 4.7%.

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.