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Hang Seng Index futures closed up 0.45% at 26,021 points in overnight trading, a premium of 162 points.On July 31, Meta Platforms (META.O) announced that it has committed nearly $700 billion in future investments in areas such as artificial intelligence data centers and cloud computing through long-term and short-term agreements. In a regulatory filing on Thursday, Meta stated that its irrevocable contractual commitments total $349.3 billion, primarily involving third-party cloud service agreements, servers, and network infrastructure. Meta indicated that this is a conservative estimate. The company also has $347 billion in unfulfilled lease commitments not yet reflected on its balance sheet. $68 billion of these were added in July alone, with payments commencing in 2027 and 2028. These costs are outside of existing leases and primarily include data centers, colocation services, and "certain network infrastructure."Meta Platforms (META.O) reported that it has committed nearly $700 billion in the future to areas such as artificial intelligence data centers and cloud computing through long-term and short-term agreements.July 31st - According to sources, the UK Financial Conduct Authority (FCA) plans to release daily aggregated data on UK stock trading starting this Friday as part of its efforts to increase market transparency. The regulator will also release a year-long historical backtesting to help investors assess trading volume in UK stocks. The daily updates will serve as a transitional measure until a complete aggregated stock data stream (i.e., a single source of stock trading data) is rolled out. Sources indicate that the FCA will announce the scope of the data stream on Friday, which is expected to include both pre-trade and post-trade data.According to a Canadian community alert, the Suncor Sarnia refinery in Canada has reported maintenance activities scheduled for the next few days, resulting in the temporary use of the flare system.

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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