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On July 18, Irans Islamic Revolutionary Guard Corps announced that its forces attacked US facilities in Bahrain, destroying a US unmanned surface vessel storage facility and striking an artificial intelligence center used to assist US forces in target acquisition. Iran stated that this action was a response to previous US attacks on Iranian infrastructure, including bridges, and warned that if the US continues to attack Iranian targets, Iran will expand its strikes to target US industrial, technological, and artificial intelligence-related assets in the Middle East.July 18th - According to US media reports on the 17th, the US government has notified Israel that it will send dozens more refueling aircraft to Israel, potentially escalating military operations against Iran. Axios, citing Israeli officials, reported that the US hopes to send dozens more refueling aircraft to Israel in the coming days, restoring the number to the level at the beginning of the US-Israel conflict with Iran in late February. The report stated that the US government has requested Israel to accept the additional refueling aircraft, and Israeli Prime Minister Netanyahu will make the final decision. The US currently has approximately 30 refueling aircraft parked at Ben Gurion International Airport near Tel Aviv, Israel, and a similar number at Ramon Airport in southern Israel. The report suggests that US President Trump appears intent on escalating the conflict to create sufficient disruption to force Iran to open the Strait of Hormuz and accept US demands on the nuclear issue. According to US and Israeli officials, Trump may order an escalation of the situation in the coming days.Lucid Group (LCID.O) rose 32%, marking its biggest single-day gain in nearly a year.This week, the S&P 500 fell 1.55%, the Nasdaq fell 2.9%, and the Dow Jones fell 0.93%.The Dow Jones Industrial Average closed down 406.55 points, or 0.77%, at 52,146.42 on Friday, July 17; the S&P 500 closed down 76.11 points, or 1.01%, at 7,457.66; and the Nasdaq Composite closed down 361.70 points, or 1.40%, at 25,520.24.

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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