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On May 20, President Xi Jinping and Russian President Vladimir Putin jointly met with reporters at the Great Hall of the People in Beijing.Interest rate futures indicate that the Bank of England will raise interest rates by about 52 basis points by December, compared to about 60 basis points on Tuesday.On May 20, Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, commented on the remarks made by Taiwan leader Lai Ching-te during his "May 20" speech and Q&A session regarding cross-strait relations. He stated that Lais speech was filled with lies and deception, hostility and confrontation, stubbornly adhering to the erroneous "Taiwan independence" stance, promoting the fallacies of so-called "sovereign independence" and "non-subordination," exaggerating the "mainland threat," escalating cross-strait confrontation, and deliberately seeking "independence through force" and "independence through foreign support," thus undermining peace and stability in the Taiwan Strait. This once again confirms that he is an out-and-out "disruptor of cross-strait peace" and a "creator of the Taiwan Strait crisis." While continuing to advocate "Taiwan independence" and manipulate "anti-China" sentiments, he hypocritically claims to promote cross-strait dialogue and exchanges, attempting to deceive the Taiwanese people and mislead international public opinion. These habitual tricks have been seen through by an increasing number of Taiwanese people, and his deceptive behavior and provocative actions will inevitably be met with resolute opposition from compatriots on both sides of the strait and the international community, and are doomed to failure.The Nikkei 225 index closed down 746.18 points, or 1.23%, at 59,804.41 on Wednesday, May 20.Jansson, Deputy Governor of the Swedish Central Bank: All monetary policymakers are thinking about how far-reaching the impact of supply disruptions following the Middle East wars will be.

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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