EUR/USD 1.14454
0.040%
Gold 4164.16
-0.017%
Oil 68.680
0.156%
USD/JPY 162.014
-0.041%
GBP/USD 1.33989
0.069%
GBP/JPY 217.089
0.032%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Conflict Situation: 1. Russia claims to continue mine clearance and operations in Khelman. 2. Russian military confirms large-scale strikes against military targets in multiple Ukrainian locations. 3. Ukraine attacks two oil tankers belonging to Russias shadow fleet in the Sea of Azov. 4. Local governor states that several Ukrainian drones have reached the Russian industrial center north of Omsk. 5. Ukrainian Air Force: Russia launched 68 missiles and 351 drones at Ukraine overnight. 6. Local governor states that infrastructure in the Russian oil port areas of Uster-Luga and Vysotsk was damaged following the drone attacks. 7. Security Service of Ukraine: Strikes have been conducted on the Russian Baltic port of Vysotsk oil terminal and refineries in the Kaluga region. 8. Zelensky: Ukraine shot down all six Kalibr missiles and 31 cruise missiles last night, and called on the United States to authorize Ukraine to produce Patriot missiles to compensate for its lack of interceptor missiles. The large-scale Russian attack on Ukraine has resulted in 22 deaths. Peace Negotiations: 1. Russian Deputy Foreign Minister: Russia will maintain contact with the United States on the Ukraine issue. Other developments: 1. Trump stated that he had a "very good call" with Putin. 2. European Commission President Ursula von der Leyen: Efforts are underway to finalize the 21st round of sanctions against Russia. Ukraine urgently needs more air defense equipment.Petrobras, Brazils state-owned oil company, received 2.7 billion reais in connection with Brazils diesel subsidy program.Market news: Vale (VALE.N) Chairman Daniel Stieler has resigned.On July 7th, Canadian Prime Minister Mark Carney announced on the 6th that Germanys ThyssenKrupp Marine Systems (TKMS) had been selected as the preferred supplier for the Canadian Navys next-generation submarine fleet, and negotiations would begin. Carney stated that this procurement would be "the largest in Canadian history," and that Canada was allocating estimated costs for the 12 submarines in the federal budget. This procurement is expected to bring Canadas defense spending to 4% of its GDP by 2030. Canada aims to finalize the contract by the end of 2027 at the latest, with the first four submarines to be delivered ahead of schedule in 2034. If negotiations with the preferred supplier fail, Canada may negotiate with South Korean company Hanwha Marine. ThyssenKrupp Marine Systems is a leading German naval shipbuilder and a core supplier in the global conventional submarine market.On July 7th, Russian Deputy Foreign Minister Sergei Ryabkov stated on the 6th that despite the United States increasingly deviating from its agreements with Russia on the Ukraine issue, Russia will not suspend contact with the US on this matter. Earlier that day, US President Donald Trump stated that the Russia-Ukraine conflict would be resolved "much faster than people think." Ryabkov responded that if the US is prepared to act on the proposals put forward by Russia, the conflict could indeed be resolved quickly.

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.

Suggestion