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September 4th - First Citizens Bank stated that Fridays U.S. jobs report will show whether the labor market remains in a state of "low hiring, low layoffs." In this state, slowing hiring and limited layoffs, along with a shrinking labor force, offset each other, keeping the unemployment rate generally stable. Key data to watch includes non-farm payrolls, the unemployment rate, labor force size, and revisions to data from previous months. A significant decline in non-farm payrolls or a further contraction in the labor force would be an early sign that the labor market stagnation is beginning to shift towards broader weakness.HSBC Holdings raised its target price for Snowflake (SNOW.N) from $289 to $470.On September 4th, the "15th Five-Year Plan for Accelerating Agricultural and Rural Modernization in Sichuan Province" was issued. It mentions the comprehensive implementation of the responsibility system for farmland protection and food security, ensuring that the grain planting area remains stable at over 96 million mu. A new round of grain production capacity improvement actions will be implemented, deepening the construction of the "Tianfu Granary • Hundred Counties, Thousand Areas" initiative, carrying out "ton-grain field" construction, promoting the integrated efficiency of "four good" (good land, good seeds, good machinery, good methods), and systematically advancing large-scale yield increases. The grain planting structure and regional layout will be optimized, continuously improving rice and corn production capacity, stabilizing wheat production, consolidating the achievements of soybean and oilseed expansion, and developing autumn-winter potatoes and ratooning rice according to local conditions. Provincial-level fiscal subsidies for large grain growers and grain production incentive policies will be implemented, and the minimum purchase price policy for rice will be implemented. Full-cost insurance for the three major grain crops and full-cost and planting income insurance for soybeans will be comprehensively promoted.On September 4th, the Qijing GX7 officially opened for pre-sale.September 4th - A comprehensive set of optimized policies for Beijings housing market officially took effect on August 8th, addressing issues from multiple dimensions, including easing purchase restrictions, significantly increasing public housing fund loan limits, and optimizing property gifting rules. Now, nearly a month after the policies implementation, new home sales offices are seeing increased foot traffic, and viewings and transactions for existing homes are also rising, indicating a continued activation of demand from first-time homebuyers and those seeking to upgrade their homes. Data released by the Beijing Municipal Commission of Housing and Urban-Rural Development shows that in August, Beijings new home sales reached 3,100 units, a year-on-year increase of 10.3%; existing home sales reached 13,700 units, a year-on-year increase of 4.1%, marking the sixth consecutive month that existing home sales have exceeded 13,000 units.

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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