Ulaanbaatar
Feasibility study for gas pipeline project to be complete in the first quarter
Economy
Ulaanbaatar /MONTSAME/ Deputy Prime Minister S.Amarsaikhan today virtually met with authority of Gazprom company and agreed to intensify the feasibility study for gas pipeline project.
Gazprom plans to complete the feasibility study for gas pipeline construction through Mongolia in the first quarter of 2021. A special-purpose company named Gazoprovod Soyuz Vostok was established with the purpose of performing design and survey works and conducting a feasibility study regarding the construction project for a gas trunkline to supply Russian gas across Mongolia to China and the company was registered in Mongolia.
The
Government of Mongolia and Gazprom signed a Memorandum of
Understanding on Gas Pipeline Construction through the territory of Mongolia in
December 2019 and a Memorandum on pre-investment project assessment in August
2020.
The Power of Siberia-2 pipeline to be built through Mongolia is estimated to transport 50 billion cubic meters of natural gas from Russia to China. Export capacity of the new pipeline might become more than 1.3 times higher than that of Power of Siberia.
