EUR/USD 1.15262
0.025%
Gold 4304.09
1.501%
Oil 76.493
-1.135%
USD/JPY 158.358
-0.052%
GBP/USD 1.34444
-0.066%
GBP/JPY 212.898
-0.129%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The U.S. July seasonally adjusted nonfarm payrolls and unemployment rate, average hourly earnings month-on-month and year-on-year growth rates, and Canadas July employment figures will be released in ten minutes.Morgan Stanley: Reinstates coverage research on Baker Hughes Oilfield Services (BKR.O), giving it an overweight rating and a target price of $70.Argus Research: Upgrades SpaceX (SPCX.O) from Hold to Buy.Lingbao Gold (03330.HK): The exploration work of the Group’s subsidiary, Habahe County Huayuan Mining Co., Ltd., has made significant progress. As of June 30, 2026, the reserves have jumped from 13.20 tons at the end of 2025 to 53.94 tons.On August 7th, Samantha Dart, co-head of global commodities research at Goldman Sachs, stated that Europe is facing dual risks to diesel and natural gas supplies ahead of winter. Data shows that the benchmark European natural gas futures (TTF) fell 7% this week to approximately €54 per megawatt-hour, but Dart maintained her forecast of reaching €60 for the remainder of the third quarter. European natural gas inventories are currently at approximately 57.87%, about 18 percentage points lower than the average level from 2009 to 2025. Lower-than-expected LNG imports in Northwest Europe in July resulted in end-of-month inventories of only about 43%, increasing pressure for winter restocking. Dart predicts that if Middle Eastern energy exports recover slowly, European TTF natural gas prices could rise above €100 per megawatt-hour in December, 110% higher than the previous benchmark forecast of €50 per megawatt-hour; if shipping in the Strait of Hormuz resumes smoothly, prices could fall back to around €40, 20% lower than the previous forecast.

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