The company 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.
With the Soyuz Vostok gas pipeline, Russia's Power of Siberia 2 gas pipeline will extend through Mongolia, and its export capacity might become more than 1.3 times higher than that of Power of Siberia
This will allow us to export large amounts of gas from Western Siberia not only westward but also eastward
- As early in the Q1 of 2021, the feasibility study for the Mongolian route will be ready. But even now preliminary feasibility analysis definitely shows that the project is feasible from the technical point of view and efficient from the economic point of view
The total size of the cargo was 36 tons of LNG (equivalent to approx. 50,000 cm of natural gas).
The LNG was used as motor fuel on public transport in Ulaanbaatar, the capital of Mongolia.
In December 2019, Gazprom and the Government of Mongolia signed a Memorandum of Understanding.
The document provides for a joint assessment of the feasibility of the project for pipeline gas supplies from Russia to China across Mongolia.
In August 2020, a Memorandum of Intent was signed to set up a special-purpose vehicle in Mongolia.
The throughput of the new export channel from Mongolia to China may reach up to 50 billion м3 / per year of gas.