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South Korean Presidential Office: The Blue House (South Korean presidential residence) convened a National Security Council meeting.On September 20th, Iranian Parliament Speaker Mohammad Ghalibaf stated that the notion of choosing between "war and negotiation" is wrong. Iran must fight back rationally and forcefully, and negotiate with an authoritative and rational attitude at the appropriate time. Ghalibaf said that Iran has clearly conveyed its conditions to the other side through intermediaries. Unless these conditions are met, Irans legitimate rights are recognized, and the United States commitments are fulfilled, there is absolutely no possibility of returning to the previous negotiating state, nor is it possible to reopen the Strait of Hormuz.September 20 - According to sources within the Chinese military, on September 18, the New Zealand frigate HMAS Temana and the supply ship HMAS Oteyarova transited the Taiwan Strait. The Peoples Liberation Army monitored and monitored them throughout their transit, and the situation was under control.UBS predicts that AI capital expenditure will approach $1 trillion in 2026 and further climb to approximately $1.4 trillion in 2027, with the primary driver of this growth being a significant increase in memory costs. UBS estimates that memory-related spending will surge from $71 billion in 2025 to $367 billion this year, reaching $923 billion in 2027. Other AI-related costs are projected at $631 billion in 2026, declining to $525 billion in 2027. This means that rising memory costs this year will contribute approximately 60% of the increase in AI capital expenditure; and by 2027, with declining spending on other components, the increase in memory costs may even exceed the total net increase in AI capital expenditure.September 20 - According to Australian sources, a knife attack occurred in Sydney, Australia on the 20th, resulting in the death of one child and serious injuries to two other children and a woman.

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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