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On September 8th, at the launch ceremony of the 6th "Haiju Yingcai" Global Innovation and Entrepreneurship Competition AI4S Special Competition, Yuan Guohua, Secretary of the Party Committee and Chairman of Shanghai Guotou Company, stated that Shanghai Guotou Company has a multi-dimensional layout for AI4S. At the computing power foundation level, it has strategically invested in a number of ultra-intelligent integrated hard technology companies, and is conducting long-term investments in heterogeneous computing full-stack GPU companies to support the creation of an integrated AI4S development platform. At the industrial investment level, it has constructed a multi-level AI investment matrix. The Shanghai Artificial Intelligence Fund of Funds, with a total scale of 22.5 billion yuan, covers the entire stack, while special funds such as the Shanghai Large Model Fund and the Embodied Intelligence Fund are anchored to specific sub-sectors, forming a gradient layout of "top-level ecosystem guidance + vertical track cultivation." At the ecosystem cultivation level, it has built a full-chain science and technology innovation service system encompassing "competition incubation—technology verification—industrial implementation," linking innovation ecosystem resources such as "major universities, research institutes, large enterprises, leading figures, and competitions," and connecting the entire chain of original innovation from "0 to 1," achievement transformation from "1 to 10," and industrialization empowerment services from "10 to 100."On September 8th, global mining giant Rio Tinto issued a statement saying it had agreed to acquire the Aurukun bauxite project in northeastern Australia from Glencore and Mitsubishi Development. A Rio Tinto spokesperson stated, "The acquisition price was not disclosed and is subject to approval from the Queensland government and other Australian regulatory bodies." The statement noted that Aurukun currently holds a mineral development license, but a mining lease has not yet been approved. The project is located near Rio Tintos bauxite mine west of Cape York.The SC crude oil futures contract rose by 2.00% intraday, currently trading at 702.30 yuan/barrel; the PTA futures contract rose by more than 2.00% intraday, currently trading at 6042.00 yuan/ton.Hong Kong-listed application software stocks fell sharply during the session, with Tuya Smart (02391.HK) dropping more than 9.5%, MiniMax (00100.HK) and Weimob Group (02013.HK) both falling by nearly 7%, Zhipu (02513.HK) dropping by nearly 6.5%, Qunhe Technology (00068.HK) falling by nearly 4%, and Kingdee International (00268.HK) falling by more than 2%.September 8th - According to data from the General Administration of Customs, Chinas integrated circuit exports reached US$40.731 billion in August, a year-on-year increase of 129.8%; automobile exports reached US$18.33 billion, a year-on-year increase of 43%; rare earth exports reached US$73.5466 million, a year-on-year increase of 33.7%; and mobile phone exports reached US$8.798 billion, a year-on-year increase of 29.6%.

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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