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On August 21, it was reported that Nvidia CEO Jensen Huang met with Sunghyun Park, co-founder and CEO of South Korean AI chip startup Rebellions, at the companys California headquarters this week to discuss potential technology collaborations, investments, and even acquisitions. Sources familiar with the matter said the discussions are still in the early stages and a deal may not be reached. Rebellions has raised nearly $850 million from investors including SK Hynix, Samsung Ventures, and Arm, with a recent valuation of approximately $2.3 billion.Belarusian President Lukashenko: Myanmar is an important and promising partner for Belarus in Southeast Asia.European Central Bank: Negotiated wages in the Eurozone grew by 2.44% year-on-year in the second quarter, down from 2.56% in the first quarter.On August 21st, GranFire Intelligent Technology Co., Ltd. released its first high-performance SoC (System-on-a-Chip) based on an ARM architecture CPU and a self-developed GPU – the GF800. This chip further transforms the companys long-term accumulated technical capabilities in graphics rendering, parallel computing, and AI acceleration into platform and product capabilities, providing a highly integrated, highly scalable, and independently controllable system-level computing platform for edge products, edge computing, and intelligent industry applications.On August 21, Iranian Parliament Speaker Mohammad Ghalibaf, who is currently visiting Iraq, stated at an event in Karbala that just as Iran and Iraq "thwarted the United States and made it taste the bitter fruit of defeat" in the US-Israel conflict, both countries will continue to resist "hegemonic forces." He added, "The enemy should understand that any attempt to create division will only further strengthen the relationship between Iran and Iraq." Ghalibaf stated that Iran must develop a plan to overcome "unjust sanctions." He also declared, "Iran and Iraq will stand shoulder to shoulder and will never allow other countries to decide their fate."

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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