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On July 27, Evergrande Auto (00708.HK) announced on the Hong Kong Stock Exchange that, effective July 27, 2026, Chen Leyan has been appointed as a non-executive director; Lu Jiaqi, Chen Qingfeng, and Lu Sihao have been appointed as independent non-executive directors; and Peng Weihao (formerly Peng Weizheng) has been appointed as the company secretary. Trading in the companys shares will remain suspended until further notice.ASMLs share price in the Amsterdam market continues to decline, currently down more than 1%.On July 27, Evergrande Property (06666.HK) issued an announcement in Hong Kong stating that the company had been informed by the liquidators that following the previous decision by a potential buyer not to proceed with the potential transaction, the liquidators continued discussions with several potential buyers regarding the potential transaction. These potential buyers include parties newly joining the process, as well as other parties who had previously participated in the process. The next step is to invite potential buyers to conduct due diligence on the Group; as of the date of this announcement, discussions regarding the potential transaction are still in the preliminary stage. The proposed timetable for the sale process has not yet been finalized, and the liquidators have not received any offers in the restarted sale process, nor have they entered into any legally binding agreements regarding the potential transaction.ASML (ASML.O) shares gave back gains in pre-market trading, currently up about 0.35%.NVIDIA: The company will leverage SSI’s insights into the future of artificial intelligence to collaborate on advancing the technology of NVIDIA’s current and future computing platforms.

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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