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On June 25, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about Chinas law enforcement patrols in the waters east of Taiwan. Spokesperson Guo stated that, according to Chinese domestic law and international law, including the United Nations Convention on the Law of the Sea, China possesses an exclusive economic zone and continental shelf in the waters east of Taiwan. The relevant Chinese departments law enforcement patrols in these waters are legitimate measures to exercise jurisdiction in accordance with the law, maintain regional stability and maritime order, and are also necessary actions against Japan and the Philippines manipulation of maritime boundary issues and infringement upon Chinas maritime rights and interests. Relevant countries should respect Chinas sovereignty, territorial integrity, and maritime rights and interests, stop confusing right and wrong and distorting the truth, and relevant institutions should not make statements inconsistent with their status. The DPP authorities turn a deaf ear and a blind eye to the infringements committed by Japan and the Philippines, but instead colluded with external forces to launch a massive attack and smear campaign against the central governments rights protection efforts, and clamored for the fallacy of "Taiwan independence." This once again exposes the DPP authorities stubborn "Taiwan independence" nature and their ugly face of betraying the overall interests of the Chinese nation, and will surely be spurned by compatriots on both sides of the Taiwan Strait and subject to historical reckoning.June 25th - According to US media reports, Swiss Federal President and Minister of Economic Affairs Guy Parmelin will visit the United States at the end of this month to meet with US Trade Representative Greer, aiming to finalize a broader trade agreement between the two countries amid renewed tariff pressure from Washington. Parmelins trip is scheduled from June 29th to July 9th, during which he will visit the United States, Canada, and Mexico. A statement from his ministry confirmed the meeting with Greer was planned, but did not specify a date. The statement also indicated that the trip is intended to "emphasize the win-win nature of the close economic ties between Switzerland and the United States."On June 25, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about issues related to Honduras. Guo Jia-kun stated that China has noted the Honduran governments clarification of the lies told by the Taiwan authorities. This once again demonstrates that adhering to the one-China principle is a matter of international justice, the will of the people, and an irresistible trend. The "Taiwan independence" forces and the DPP authorities are going against the tide, are unpopular, and are doomed to failure. Since the establishment of diplomatic relations between China and Honduras, bilateral relations have developed rapidly on the basis of the one-China principle, and pragmatic cooperation in various fields has contributed to Honduras economic and social development. Facts fully prove that the establishment of diplomatic relations between China and Honduras is in the fundamental and long-term interests of both countries and their people. China is willing to promote the continuous development of China-Honduras relations on the basis of the one-China principle.Midday futures market summary for June 25: Weakness was concentrated in precious metals, chemicals, and the energy chain, with Shanghai silver leading the decline, falling by over 7%. Click to view.WTI and Brent crude oil prices are currently trading at around $70.42/barrel and $73.18/barrel respectively.

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.