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August 27th - According to the Financial Times, investors say France is replacing Italy as the focus of market concerns about the sustainability of European debt. France faces thorny budget negotiations next month and will hold presidential elections next year, with both far-left and far-right parties gaining support. For years, the yield on Italys benchmark 10-year government bonds has been significantly higher than that of France, but this summer it was lower for most of the time, as bondholders demanded higher risk compensation before buying French bonds. Investors say this reversal of historical trends signifies a major shift in market perception of the relative risks of the two countries. Rohan Khanna, head of European interest rate strategy at Barclays, said, "If you ask anyone in the market where the weak link in Europe is, most people will point to France." He added that France is facing a "perfect storm" for bond investors because "growth risk, political risk, and fiscal risk" coexist.August 27 - According to statistics released by Nepals National Disaster Risk Reduction Authority on the 27th, 165 bodies have been recovered following the flash floods that struck northern Nepal on the 26th, and 826 people remain missing.On August 27, the National Meteorological Center continued to issue an orange typhoon warning and a yellow rainstorm warning at 10:00 AM. The Ministry of Transport raised its typhoon defense response level to Level II and maintained a Level III heavy rainfall defense response. On the morning of the 27th, the Ministry of Transport conducted point-to-point coordination with the transportation departments (commissions) of Zhejiang, Fujian, and Shanghai, as well as the maritime safety administrations of Zhejiang, Fujian, and Shanghai. The coordination required strengthening risk awareness, eliminating reliance on past experience, complacency, and wishful thinking, enhancing risk assessment and hidden danger investigation, and continuing to tighten and solidify the responsibility chain with high standards. It also stressed the need to strengthen the implementation of measures, closely monitor the typhoons path and rainfall changes, and effectively implement proactive defense measures of "response, inspection, and control," ensuring that all necessary shutdowns, closures, and evacuations are carried out to achieve the goal of "no deaths and minimal injuries," and to fully protect the safety of peoples lives and property. The Ministry of Transport will adjust the defense response level in a timely manner according to changes in weather warnings.On August 27, World Health Organization (WHO) experts said on the 26th that the current Ebola outbreak in the Democratic Republic of Congo (DRC) remains highly active and has not yet reached its turning point. The country has reported over 5,600 confirmed cases. "We have slowed the rapid spread of the epidemic, but the curve has not yet turned," said WHO expert Belize at a live-streamed meeting of the organizations African Regional Committee. As of the 24th, the DRC had reported a total of 5,656 confirmed Ebola cases, with 2,715 deaths and 1,245 recoveries, resulting in a case fatality rate of approximately 48%.Investment bank DA Davidson raised its price target for Crowdstrike from $191.25 to $245.

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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