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Japanese Finance Minister Satsuki Katayama declined to comment on whether foreign exchange intervention was carried out today.On August 3rd, the Token Service Working Group (in preparation) of the Artificial Intelligence Industry Development Alliance (AIIA) recently held a closed-door seminar on "Token Cross-border Flow and Open Cooperation." The Token Service Working Group will systematically promote the construction of a token cross-border flow and open cooperation mechanism in the following five aspects: First, systematically conduct research on cross-border flow mechanisms. Compile the "Token Cross-border Flow Development Research Report," analyze the regulatory policies and technical constraints of major global markets, and clarify compliance boundaries, risk points, and feasible paths; Second, simultaneously develop dual standards and specifications for compliance and technology. Promote the compilation of the "Artificial Intelligence Token Cross-border Flow Compliance Guidelines" and the "Artificial Intelligence Token Cross-border Flow Technical Requirements," clarify compliance requirements for data export and technology export, and unify interface specifications for cross-domain transmission and computing power scheduling; Third, conduct pilot demonstrations in emerging markets. Relying on multilateral and bilateral mechanisms targeting emerging markets such as ASEAN and BRICS, and the advantages of free trade zones, conduct closed-loop verification of "compliant entry + domestic processing + compliant exit," testing the stability of technical solutions and the effectiveness of compliance mechanisms; Fourth, build a cross-border service supply and demand matching platform; Fifth, construct a token cross-border flow service system.Japanese Chief Cabinet Secretary Minoru Kihara: Japan and the United States maintain close communication on foreign exchange issues. If necessary, Japan will not hesitate to take further foreign exchange action.August 3 - The Peruvian National Institute of Geophysics reported that a 5.7-magnitude earthquake struck 53 kilometers northeast of Ocaiacu, Leoncio-Oprado Province, Huanuco Region, at 8:42 p.m. local time on August 2. The earthquake had a depth of 152 kilometers, and there are currently no reports of casualties or damage.August 3rd - Driven by major customers such as Nvidia, AMD, and Broadcom actively securing production capacity, TSMCs 3nm process target of 180,000 wafers per month, originally scheduled for the end of the year, is expected to be achieved ahead of schedule in early Q4. Meanwhile, orders for the 2nm process are also rapidly increasing, with monthly wafer shipments expected to approach 100,000 wafers by the end of the year as planned.

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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