EUR/USD 1.14827
0.068%
Gold 4378.98
0.861%
Oil 96.039
-0.494%
USD/JPY 157.873
1.221%
GBP/USD 1.33689
0.085%
GBP/JPY 211.067
1.310%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 18th, European Central Bank President Christine Lagarde stated on Friday that she could still consider stepping down early, responding to a question about whether she would remain in office until the end of her term in October 2027 with, "Well see." "I will leave in 2027," Lagarde said in response to persistent rumors circulating for most of this year that she might resign early. When asked if this meant until October 2027, Lagarde replied, "Well see." She added, "What I can tell you at this time is that whenever it happens, I will handle matters in the most professional manner." This week, sources told Reuters that France would support ECB Governing Council member Knott succeeding Lagarde as part of an agreement that a French candidate would then serve as chief economist.According to Pakistans Geo TV, a car bomb explosion in northwestern Pakistan has killed at least 16 people, including five police officers.According to CNBC, Anthropic and OpenAI are considering small-scale data center deals in the UK and the Nordic region.On September 18th, BlackRock announced that it has been granted Qualified Domestic Institutional Investor (QDII) status. Yu Beihua, General Manager of BlackRock, stated, “The approval of QDII status is another important milestone in our business development in China. In the future, we will further leverage the synergistic advantages of our global platform and local team, based in China and connecting globally, to provide Chinese investors with more diversified investment options and asset allocation solutions, helping them achieve their long-term investment goals.”Ukrainian President Volodymyr Zelenskyy: Today, €3.3 billion of the EUs financial support package has been transferred. These funds will primarily be used to strengthen our defense capabilities, including the procurement of missiles and drones. We are also actively preparing for a meeting and discussions in New York regarding Ukraines financial stability.

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.

Suggestion