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According to Nikkei: Aisin Seiki has resumed some production at its Kumamoto plant after a shutdown.On August 3, Premier Li Qiang signed a State Council decree promulgating the revised "Regulations on the Protection of Integrated Circuit Layout Designs," which will take effect on October 15, 2026. The Regulations aim to protect the exclusive rights to integrated circuit layout designs, encourage technological innovation in integrated circuits, and promote scientific and technological development. The Regulations consist of 6 chapters and 54 articles, with the main revisions as follows: First, clarifying overall requirements. The regulations stipulate that the protection of integrated circuit layout designs should implement the Party and the States intellectual property strategy, expand the scope of protection, and emphasize honesty and good faith. Second, improving application and examination procedures. The regulations regulate false applications, refine material requirements, improve rejection and revocation procedures, and add a rights restoration procedure. Third, strengthening the protection of exclusive rights. The regulations clarify the standards for defining the scope of rights and increase the amount of compensation for infringement. Fourth, promoting the application of layout designs. The regulations strengthen public services, clarify reward measures, improve requirements for transfer, licensing, and pledge, and regulate the exercise of rights by co-owners.Nissan CEO: We are evaluating production plans to determine how quickly we can make up for these production losses.Futures News, August 3rd: LME nickel opened lower today, with attention focused on the support level around $17,000. In refined nickel, SHFE nickel fluctuated and closed lower in the afternoon. Current spot market sales are moderate, with some users taking small-scale orders, but overall procurement is limited, and some continue to observe the market. For nickel briquettes, a small amount of supply was released again, with prices slightly discounted. Regarding nickel pig iron, our website quoted nickel pig iron (8-12%) at 1150-1160 yuan/nickel point and nickel pig iron (7-10%) at 1140-1150 yuan/nickel point, unchanged. Recent supply reductions have provided price support, while increased downstream production may support improved demand. In stainless steel, futures continued their rebound, with the main contract approaching the 14,700 yuan level again. In the spot market, short-term cost support is not weak, but actual consumption is generally weak. Some cautious analysts believe that upward price momentum seems limited, but with steel mills maintaining their price stance recently, it may support the market trend. Short-term market speculation continues. Overall, the RMB exchange rate against the US dollar has risen to a three-year high, providing support for price trends. Although domestic demand is generally weak in the short term, in the long term, green transformation, electrification, and the artificial intelligence industry will help boost additional demand for this metal, which has wide applications in the power and construction sectors. Some market participants hold a bullish view. (Shanghai Metals Network)Nissans CFO: If the yen remains at its current level, the forecast for this fiscal year may have some room for upward movement due to foreign exchange factors.

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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