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On September 5th, according to Irans SNN news agency, an Iranian oil tanker near Kharg Island was attacked by a missile. No casualties have been reported so far. Earlier, another Iranian media outlet, Fars News, reported an explosion near Kharg Island, but no smoke or fire was seen in the Gulf, and the cause of the explosion remains unclear. Kharg Island is crucial to Irans oil industry, accounting for 90% of Irans crude oil exports. Trump had previously threatened to seize the territory.According to Irans SNN news agency, an Iranian oil tanker near Kharg Island was attacked by a missile, but there are no reports of casualties so far.September 5 - According to Irans Fars News Agency, an explosion was heard near Kharg Island, Iran, but the cause is still unclear.September 5th - Many countries worldwide are accelerating the adjustment of their gold reserve storage strategies to reduce reliance on the single custody system in Europe and the United States. Since 2013, many countries have successively initiated the repatriation of their overseas gold reserves. The World Gold Councils 2026 Central Bank Gold Reserve Survey shows that in the past 12 months, 19% of central banks have increased the proportion of their domestic gold reserves or diversified their reserve locations, compared to only 7% a year ago. The number of central banks storing their reserves in New York and London vaults continues to decrease.On September 5th, a conference on the authorized operation of national satellite navigation and positioning reference station network service data, jointly hosted by the Ministry of Natural Resources and the National Data Administration, was held in Beijing. At the conference, it was announced that the national satellite navigation and positioning reference station network service data has been officially authorized for operation. This marks the first time at the national level that public data in the field of spatiotemporal information infrastructure has been authorized for operation. This will transform the reference station networks public data from a public resource whose value has not yet been fully realized into data assets that can be compliantly circulated and used, signifying a new stage in the market-oriented operation of BeiDou high-precision spatiotemporal data elements.

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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