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The European-Mediterranean Seismological Centre reports a 5.7-magnitude earthquake in the Biobío region of Chile.The U.S. Geological Survey reported a 4.5-magnitude earthquake 5 kilometers south-southwest of Broley, California.May 10th - According to sources, Alibaba (09988.HK) is preparing to announce its integration plan between its AI platform Qwen and e-commerce platform Taobao. This move aims to drive shopping through conversation rather than keyword search. The integration will reportedly allow consumers to browse, compare, and purchase products by conversing with an AI assistant through the Qwen app, eliminating the need to manually navigate product listings. The Qwen app is expected to integrate with Taobao and Tmalls complete catalog of over 4 billion products and leverage a "skill library" capable of managing logistics and after-sales service. It will also provide shopping recommendations based on users order history and shopping preferences. Furthermore, within the Taobao platform, Alibaba will launch a Qwen-powered AI shopping assistant, incorporating tools such as virtual try-on and 30-day price tracking.According to a source familiar with the matter, Alibaba (09988.HK) is preparing to announce plans to integrate its AI platform Qwen with its e-commerce platform Taobao, a move aimed at driving shopping through conversation rather than keyword search.On May 10th, SK Energy announced that it will provide subsidies to its franchised gas stations to cope with high oil prices. SK Energy will reportedly provide up to 20 billion won per month to support 2,500 branded gas stations nationwide (excluding company-operated stations). SK Energy stated that this subsidy aims to ensure a stable supply of petroleum products and aligns with the governments policies on energy supply 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.

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