EUR/USD 1.15839
0.046%
Gold 4430.13
0.307%
Oil 83.721
-0.439%
USD/JPY 159.418
-0.027%
GBP/USD 1.35513
0.066%
GBP/JPY 216.037
0.048%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 18th, the Ministry of Commerce and eight other departments issued an opinion on further stimulating the vitality of lower-tier markets and boosting consumption in county-level areas. The opinion mentions improving the quality and efficiency of financial services. It guides financial institutions to optimize financial services for the consumption sector in lower-tier markets and strengthens financial support for eligible consumer commercial facilities projects. It supports eligible wholesale, retail, and service enterprises in issuing bonds and listing on the stock exchange. Eligible commercial and trade enterprises that open new chain stores in county-level areas can apply for entrepreneurial guaranteed loans and receive interest subsidies.On August 18th, nine departments, including the Ministry of Commerce, issued an opinion on further stimulating the vitality of lower-tier markets and boosting consumption in county-level areas. The opinion mentions expanding the supply of high-quality, reasonably priced goods. It encourages enterprises to actively introduce high-quality products into county-level markets, simultaneously launching new products in eligible counties, and promoting the sharing of the same quality and products between urban and rural areas. It guides enterprises to develop high-quality products that meet the consumption characteristics of county-level areas and supports commercial and trade enterprises in building flexible supply chains based on "own brands + demand-driven production." It also strongly supports the promotion of new energy vehicles, green and intelligent products, and green building materials in rural areas, and expands the coverage of rural charging facilities.With no substantial progress in the Middle East situation, will crude oil prices continue their slightly bullish trend in the short term? A quick overview of the pre-market crude oil prices (converted between domestic and international markets) in one chart.On August 18th, nine departments, including the Ministry of Commerce, issued an opinion on further stimulating the vitality of lower-tier markets and boosting consumption in county-level areas. The opinion mentions developing emerging business models tailored to local conditions. It encourages qualified regions to develop virtual reality, immersive experiences, and "artificial intelligence + consumption," and promotes green consumption models such as secondhand trading and commodity leasing. It also calls for deepening the implementation of a special action to promote healthy consumption and innovating consumption chains that integrate primary, secondary, and tertiary industries.Weak US consumer data led to a slight rebound in precious metals. A quick chart shows the pre-market prices of gold and silver, converted between domestic and international markets.

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