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On May 20, Premier Li Qiang met with Russian President Vladimir Putin at the Great Hall of the People in Beijing. Li Qiang pointed out that China is willing to further expand trade with Russia, implement the upgraded bilateral investment agreement, deepen cooperation in energy, agriculture, connectivity, and green and low-carbon development, strengthen the alignment of the Belt and Road Initiative with the Eurasian Economic Union, ensure the safe, stable, and high-quality development of the China-Europe Railway Express, and achieve a higher level of mutual benefit and win-win results. Both sides should successfully hold cultural and people-to-people activities such as the "China-Russia Year of Education," deepen exchanges and cooperation in youth, culture, tourism, and sports, and continuously enhance mutual understanding and friendship between the people. China is willing to strengthen cooperation with Russia on multilateral platforms, actively implement global governance initiatives, and promote the international community to jointly safeguard fairness and justice.Futures Market Summary | Wednesday, May 20th, CCTV News Highlights: 1. Xi Jinping holds a ceremony to welcome the Russian Presidents visit to China. 2. Xi Jinping holds talks with the Russian President. 3. Xi Jinping and the Russian President jointly meet with reporters. 4. Xi Jinping and the Russian President jointly attend and address the opening ceremony of the "China-Russia Year of Education". 5. At the invitation of Xi Jinping, the President of Serbia will pay a state visit to China. 6. Li Qiang meets with the Russian President. 7. Li Qiang signs a State Council decree promulgating the "Regulations for the Implementation of the Mineral Resources Law of the Peoples Republic of China". 8. The service sector economy maintains steady growth and continues to release its development potential. 9. All systems of the Shenzhou-23 manned spaceflight mission conduct launch site drills. 10. The State Council Information Office holds a press conference with Chinese and foreign journalists entitled "Striving Individuals on the New Journey". 11. National electricity consumption in April increased by 6.0% year-on-year. 12. The "Regulations on Supervision and Management of Online Food Sales Operators Implementation of Food Safety Responsibilities" come into effect today. 13. The Supreme Peoples Procuratorate deploys special supervision of public interest litigation for water pollution prevention and control in the Yangtze River Economic Belt. 14. Iran vows to resolutely counter aggression; US says it will continue its naval blockade. 15. Hezbollah claims to have destroyed one of Israels Iron Dome systems. 16. NATO officials say the US will withdraw approximately 5,000 troops from Europe. 17. Multiple UN agencies work together to combat the Ebola outbreak. 18. Heatwave warnings in many parts of the eastern US affect over 30 million people.The China Earthquake Networks Center officially determined that a magnitude 4.0 earthquake occurred in the sea area of Taitung County, Taiwan at 20:25 on May 20, with a focal depth of 21 kilometers.On May 20, GDS Holdings Limited (09698.HK) announced that it confirms that for the full year of 2026, the previously announced total revenue guidance will be between RMB 12,400 million and RMB 12,900 million, the adjusted EBITDA will be between RMB 5,750 million and RMB 6,000 million, and the capital expenditure will be approximately RMB 9,000 million, remaining unchanged.GDS Holdings (09698.HK): Net profit for the first quarter of 2026 was RMB 2.6521 billion (US$384.5 million), compared with RMB 764.1 million in the same period last year.

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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