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Musk: I am confident that SpaceX will deploy the Nvidia VR NLV72 AI computer in space next year.September 14th - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by September is 13.8%, and the probability of a cumulative rate hike of 25 basis points is 86.2%. The probability of the Federal Reserve keeping interest rates unchanged by October is 6.9%, the probability of a cumulative rate hike of 25 basis points is 50.1%, and the probability of a cumulative rate hike of 50 basis points is 42.9%.On September 14th, Argentine Defense Minister Carlos Alberto Presti stated on the 13th that the US government has not taken sides in the sovereignty dispute over the Falkland Islands (Malvinas Islands). In a media interview on the 13th, Presti said that the US government supports a peaceful resolution to the Falklands sovereignty dispute and has not favored Argentina or the UK.On September 14th, according to the Financial Times, British Prime Minister Burnham will pledge to business leaders on Monday that the government will be a "partner in economic growth" and acknowledges the need for a cultural shift in the UK to encourage entrepreneurship. He will hold a roundtable discussion with entrepreneurs from sectors such as artificial intelligence, fintech, healthtech, manufacturing, and quantum computing, followed by a reception hosted by executives from several large companies at Downing Street. Downing Street stated that the event will focus on how the government can streamline the processes of starting, developing, and investing, while ensuring that any resulting economic benefits reach local communities. On Sunday, Burnham said that the UK has the talent, universities, and visionary communities needed for success, but to unlock its full potential, "We need a cultural shift in how businesses operate in the UK."Conflict Update: 1. Yemeni government forces claim Houthi offensive has resulted in thousands of casualties on both sides. 2. An Iranian cargo ship was attacked near the Strait of Hormuz, resulting in one death and four injuries. 3. Several explosions were heard in the Sirik region of Hormozgan province, Iran; the source of the explosions is unclear. 4. Yemeni government armed forces: have recaptured positions in western Taiz previously infiltrated by Houthi forces. Strait of Hormuz: 1. British Maritime Authority: A ship was attacked in the Strait of Hormuz. 2. US Energy Secretary: Dont expect a breakthrough in the Strait of Hormuz situation anytime soon. 3. A meeting between Iran and Gulf states scheduled for Monday regarding navigation in the strait has been postponed. 4. US Central Command: As of September 13, US forces had diverted 101 merchant ships. Other Updates: 1. Houthi forces claim navigation in the Bab el-Mandeb Strait is largely normal. 2. Trump hinted at not ruling out remaining in Iran and taking its crude oil, drawing parallels with Venezuela. 3. Iranian Foreign Ministry: Iranian Foreign Minister meets with Cuban Foreign Minister. 4. Iran says the US and Europe urged the IAEA to pressure Iran. 5. Sources: Saudi pipeline disruption could cause a 4% loss in global oil supply. 6. Iranian President: Iran will never surrender; Iran and Saudi Arabia are not at war. 7. Meeting between UAE and Iranian leaders intensifies efforts to resolve the Hormuz deadlock. 8. Iranian President: Talks with the Crown Prince of Abu Dhabi were good; they agreed to put the past behind them. 9. UAE Foreign Minister confirms to Iraqi Foreign Minister that the UAE supports all measures that contribute to strengthening Iraqs security and stability.

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.