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On September 20th, it was reported that on the evening of September 19th local time, Mohsen Rezaei, Secretary of Irans Supreme National Security Council, stated that Iran had presented the US government with seven conditions necessary to initiate any negotiations. Irans message was clear: "If the US wishes to extricate itself from the predicament it created and avoid becoming increasingly entangled, it has no other option but to accept Irans conditions." In an interview that day, Rezaei confirmed that Qatar, as a mediator, had conveyed Irans negotiating conditions to the US and was awaiting a response from US President Trump. Rezaei said that Irans proposed negotiating conditions included the US ending all hostilities against Iran, unfreezing frozen Iranian assets, and ending the naval blockade.Sources say the settlement talks between Paramount (PSKY.O) include a commitment to remain in California.On September 20th, Turkish Foreign Minister Fedan Hamdan stated on the 19th that Turkey will uphold its commitments under the Mecca Mutual Defense Agreement in response to the recent attacks on Saudi Arabia and may provide military-technical assistance. Speaking on Turkish NTV television, Fedan said that the signatory countries are closely monitoring the Houthi attacks on Saudi Arabia in Yemen. He said, "We are united on this issue. The agreement contains relevant provisions, and we will honor our commitments." He specifically condemned the attacks on oil infrastructure. Fedan indicated that Saudi Arabias needs for assistance may focus on certain technical aspects, which Turkey will be able to meet. Fedan also refuted claims that the Mecca Mutual Defense Agreement is progressing slowly, stating that the agreement is transformative and open to all countries in the region.Australian Prime Minister Albanese: Met with Apple Executive Chairman Tim Cook at Apple (AAPL.O) headquarters to discuss how to protect children from online harm.The Jordanian Foreign Ministry condemned the Houthi rebels for launching a ballistic missile at the Saudi capital, Riyadh.

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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