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Kremlin foreign policy advisor: G7 EU leaders insist the war in Ukraine should continue.Russia welcomed the agreement reached between the United States and Iran.Taiwans M2 money supply annual growth rate was 7.83% in May, compared to 6.45% in the previous month.On June 18th, Mike Shedlock, a registered investment advisor at SitkaPacific Capital Management, stated that Warsh was Trumps best choice among all his appointments. In his debut as Federal Reserve Chairman, Warsh didnt rush in with preconceived notions, but instead promised to research better data collection methods. Warsh disliked the "dot plot" guidance, but instead of immediately repealing it, he chose not to submit forecasts. Greenspan, Bernanke, Yellen, and Powell, on the other hand, were all "disasters." Bernanke was the worst, implementing massive quantitative easing, paying interest on reserves, and being a staunch advocate of forward guidance. Warsh wanted to repeal the "paying interest on reserves" policy, a legacy of Bernankes policies. This is a welcome change. Warshs slow and meticulous research-based reform approach is more likely to gain consensus quickly than forceful implementation. At least, Warsh brought about necessary changes. However, not everything is perfect. I strongly criticize Warshs proposed "cut-off mean inflation" indicator, which removes more inflation data than it retains. I also have doubts about his so-called "market-based measure of inflation".Russian President Vladimir Putins secretary, Kobyakov, said: "The energy shortage will only worsen in the coming years."

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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