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On May 16th, it was reported that on May 15th, 2026, Nvidia CEO Jensen Huang ordered a "Peach Four Seasons Spring" drink at a Mixue Ice Cream store in Nanluoguxiang, Beijing, sparking attention. A Mixue Ice Cream staff member responded that after the "Celebrity Endorsement" feature was launched on their mini-program, sales of the Peach Four Seasons Spring drink increased by nearly 140% compared to the previous day and by over 90% compared to the previous Friday. At the Nanluoguxiang store visited by Huang, sales of the Peach Four Seasons Spring drink increased by over 90% compared to the previous day.Bill Ackman: Pershing Squares sale of Google stock is not a sign of bearish sentiment towards the company. We remain a very bullish investor in Alphabet. Based on current valuation levels and limited capital, we are liquidating our Google holdings and using the proceeds to buy Microsoft shares.Samsung Electronics union: Samsung Electronics has replaced its company representative to conduct salary negotiations.On May 16th, Berkshire Hathaway made a significant purchase of Delta Air Lines (DAL.N) in its first quarter under Greg Abel, who succeeded Warren Buffett as CEO, returning to the airline the group had invested in years ago. Abel, who became CEO in January, stated in his first letter to shareholders in February that Apple, American Express, Coca-Cola, and Moodys were among his "core" holdings, and that Berkshire would continue its "concentrated holdings" strategy. As of the end of March, Berkshires newly acquired Delta holding was valued at approximately $2.6 billion, still relatively small compared to its largest holding. Despite rising fuel costs due to the Iran-Iraq conflict putting pressure on airline stocks this year, Deltas share price has still risen 1.2%. During Buffetts tenure, Berkshire invested in several major airlines, including Delta, and was once its largest shareholder. In 2020, Berkshire liquidated all its airline holdings. At that time, the COVID-19 pandemic brought air travel to a near standstill, and Buffett said, "The world of the aviation industry has changed."On May 16, it was reported that law enforcement agencies from China and the Philippines recently cooperated to arrest and repatriate Chen, suspected of organizing cross-border gambling. Chen, along with others, established an illegal gambling website overseas, recruiting thousands of mainland Chinese gamblers and maliciously setting withdrawal thresholds to reap huge profits. The amount involved exceeded 200 million yuan. Chinese law prohibits all forms of gambling, forbids Chinese capital investment in local casinos, prohibits Chinese citizens from participating in the operation of local casinos, and prohibits local casinos from recruiting Chinese citizens to gamble. The Chinese Embassy in the Philippines will continue to strengthen law enforcement cooperation with the Philippine side to jointly combat cross-border gambling activities.

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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