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According to Irans Mehr News Agency, a magnitude 4 aftershock with a depth of 8 kilometers occurred in the Sarand district of Khuzestan province, Iran.July 19th - According to documents and two sources familiar with the matter, Samsung Electronics America has laid off employees in its display, mobile phone, and other consumer electronics businesses, primarily affecting staff in New Jersey and Texas. 739 positions at the Englewood Cleveland, New Jersey headquarters are affected by the planned relocation of Samsung Electronics Americas (SEA) headquarters to Texas. SEA primarily handles consumer electronics and does not include the chip division. The statement added that most affected employees have received reassignment offers, but others have been laid off, without further details. According to a source claiming to be a laid-off employee, approximately 100 people, including those in the mobile phone division, have been laid off at SEAs Plano, Texas office. While related to the headquarters relocation, this layoff highlights the uneven performance of the South Korean tech giants business segments – the chip divisions profits have soared to record levels, while the consumer electronics division is struggling due to soaring chip costs.The U.S. Geological Survey reports a 4.4-magnitude earthquake 91 kilometers southwest of Brisas Bara de Suquíate, Mexico.July 19th - According to Iranian sources, the US military launched another attack on Qeshm Island in southern Iran that day. It is understood that at 6:10 AM local time, US warplanes struck parts of Qeshm Island again, with at least two explosions reported. Iranian officials have arrived in the affected area and are assessing the scale of the attack. Earlier that day, Iranian sources reported that around 3:38 AM local time, explosions were heard in multiple areas of Qeshm Island. Local residents said that "three to five missiles struck Qeshm Island." The US Central Command issued a statement on social media on July 18th, stating that the US military completed another round of airstrikes against Iran at 11:30 PM Eastern Time on July 18th (7:00 AM Iranian Time on July 19th).According to RIA Novosti: Russian Foreign Minister Sergey Lavrov and the UAE Foreign Minister held talks on the tensions in the Persian Gulf.

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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