EUR/USD 1.17140
-0.029%
Gold 3590.11
-0.127%
Oil 62.318
0.943%
USD/JPY 148.083
0.424%
GBP/USD 1.35033
0.009%
GBP/JPY 199.966
0.434%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Hyundai Motor suspends employee business travel to the United States.The main contract of the Container Shipping Index (European line) fell 50.0 points during the day and is now at 1268.7 points, a drop of 3.79%.On September 8th, news broke that Samsung plans to supply image sensors for Apples iPhone 18 series in 2026, challenging Sonys long-held monopoly in the field. Analyst Ming-Chi Kuo noted that plans have changed, and the sensors, originally expected to be mass-produced in 2026, may now be delayed until 2027. He did not disclose the reason for the delay. While Samsung has accumulated years of experience in supplying components such as displays, DRAM, and NAND, it still needs to prove its technological prowess to Apple when it comes to camera image sensors. Kuo also noted that Samsungs ultra-wide-angle image sensors are expected to be introduced first in mid-range and low-end iPhone models.On September 8th, Pepperstones Chris Weston wrote that the departure of Japanese Prime Minister Shigeru Ishiba has shifted the focus to his successor and what this might mean for political stability. Markets will weigh the extent of additional fiscal measures and budgets under the new leadership. "The extent of fiscal stimulus will be crucial to controlling the rise in long-term Japanese government bonds," he said. These developments could be seen as further justification for delaying the Bank of Japans next 25 basis point rate hike until 2026. This expectation is already priced into the market, with swap traders anticipating only a 12 basis point rate hike by December. Weston noted this as another reason why few are currently willing to hold the yen. He expects yen weakness in Asian markets to become widespread.Some Hong Kong stocks with new consumption concepts fell, with Pop Mart (09992.HK) falling more than 6%, BRUCO (00325.HK) falling more than 3%, and Cha Baidao (02555.HK) following suit.

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.

Suggestion