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The Ukrainian military has attacked Russias Ilsky oil refinery.The UKs energy regulator, OFGEM, is seeking comments on draft guidance aimed at supporting appropriate supply chain security risk management for the downstream gas and electricity sectors.June 2 – Hong Kong Chief Executive John Lee met with the media in Kazakhstan today (June 2). Lee stated that this was his first time leading a delegation to Central Asia, and the visit had three objectives: first, to further explore emerging markets and lay the foundation for long-term economic and trade development; second, to strengthen relations and exchanges between governments and promote closer cooperation; and third, to build a hub-to-hub cooperation model. Lee noted that the visit to Kazakhstan yielded several results, with the trade delegation reaching 43 memorandums of understanding and cooperation agreements covering various fields including trade, investment, financial services, technology, aviation, and green finance.On June 2nd, Beijing auctioned off a residential land parcel in Sanhezhuang, Daxing District. The land area is 21,416.03 square meters, with a planned building area of 38,548.85 square meters and a plot ratio of 1.8. The starting price was 887 million yuan, with a starting floor price of 23,010 yuan per square meter. Greentown ultimately won the bid at the reserve price of 887 million yuan, resulting in a transaction floor price of 23,010 yuan per square meter.June 2 - Statistics from the Hong Kong Land Registry show that a total of 8,537 property sales and purchase agreements of all types were submitted for registration in May, a decrease of 1.8% month-on-month but an increase of 32.5% year-on-year. Calculated on a 12-month moving average, the number of property sales and purchase agreements in May was 7,637, an increase of 2.3% month-on-month and 35.3% year-on-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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