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Israeli Prime Minister Netanyahu: The war with Iran is not over yet.Israeli Prime Minister Benjamin Netanyahu told CBS that while much of Iran’s capabilities have been weakened, much work remains to be done because Iran still possesses considerable strength.According to Saudi media outlet alhadath, Israeli Prime Minister Benjamin Netanyahu stated that Iran continues to support its proxies and armed groups, and that Iran is seeking to produce more ballistic missiles.Domestic News: 1. Suzhou City optimizes housing provident fund usage policies. 2. Shanxi Province adjusts housing provident fund loan and withdrawal policies. 3. Global chip LOF trading will be suspended from Mondays opening until 10:30 AM. 4. The Ministry of Commerce issues a notice regarding the implementation of beef safeguard measures for 2026. 5. The State General Administration of Sport: Focus on athletes performance on the field, and will not organize or participate in birthday celebrations or similar activities. 6. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to South Korea from May 12th to 13th to hold trade consultations with the United States. International News: 1. US Energy Secretary: The government is open to suspending fuel taxes. 2. Spanish official: All personnel on the "Hondias" ship are asymptomatic, and repatriation is expected to be completed tomorrow. 3. US Treasury Secretary Bessenter: I will depart on Monday for a series of brief meetings in Japan and South Korea. 4. Middle East situation—① Iran says it will enter a new operational area if the enemy attacks again. ② Irans response to the US proposal has been delivered through Pakistan. ③ A Qatari liquefied natural gas (LNG) carrier passed through the Strait of Hormuz for the first time in approximately 70 days. ④ Iranian Navy Commander: Domestically built light submarines are on standby in the Strait of Hormuz. ⑤ Trump: The U.S. has been monitoring the enriched uranium buried by Iran under the rubble, and will immediately be notified if anyone approaches and will destroy it.On May 10th, according to NBC News, U.S. Energy Secretary Wright stated in an interview that the Trump administration is "open to all ideas" to lower gasoline prices, including suspending the federal fuel tax. According to data from the American Automobile Association, the average price of gasoline across the U.S. surged to $4.52 per gallon on Sunday, an increase of more than 50% since the start of the war with Iran. Wright added that everything comes at a price. He stated that he cannot predict energy prices in the short to medium term. However, what the U.S. government is doing now is ending the 47-year confrontation with Iran. When pressed again about whether gasoline prices would reach the $5 mark, Wright said he "didnt want to predict prices."

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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