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U.S. Treasury Secretary Bessant: It would be very unusual for Powell to remain on the Federal Reserve Board.On April 30th, Amazon (AMZN.O) reported Q1 2026 cloud revenue growth that exceeded Wall Street expectations, primarily driven by increased corporate investment in cloud computing services. Amazon Web Services (AWS) revenue grew 28% to $37.6 billion in Q1 2026, while analysts had previously expected an average increase of 25.08% to $36.61 billion. However, in volatile after-hours trading, the companys stock price fell 2%, and it projected second-quarter operating profit between $20 billion and $24 billion, slightly below the median analyst estimate of $22.62 billion.On April 30th, Microsoft (MSFT.O) reported revenue growth in its cloud business for Q3 of fiscal year 2026, while spending increased less than expected. Microsofts capital expenditures for Q3 of fiscal year 2026 increased by 49% to $31.9 billion, compared to institutional expectations of $34.9 billion. Total capital expenditures for the second quarter were $37.5 billion. Azure cloud computing revenue grew by 40% as expected in the quarter, faster than the 39% growth in the previous three months. This performance may alleviate market concerns: previously, the slow rollout of Microsofts Copilot 365 assistant for enterprises and its over-reliance on OpenAI may have eroded Microsofts early lead in the AI race. Furthermore, this also helps justify data center spending—although this spending has put pressure on cash flow, major cloud providers are expected to invest over $600 billion in AI infrastructure this year.Googles earnings call will begin in ten minutes.Qualcomm (QCOM.O): Leading hyperscale custom chip collaborations are expected to begin initial deliveries later this year. We look forward to providing information on opportunities including data center and physical AI at our Investor Day on June 24.

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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