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Special purpose company established for feasibility study of gas pipeline project www.montsame.mn
Ulaanbaatar /MONTSAME/. A Memorandum of Understanding (MoU) on the establishment of a joint Mongolian-Russian special purpose company to develop a feasibility study of the project on building pipelines between Russia and China going through the territory of Mongolia was signed today. The MoU was signed by Deputy Prime Minister of Mongolia Ya.Sodbaatar and Deputy Chairman of the Board of Directors and the Chairman of the Management Committee A.Miller on behalf of their respective Governments.
The participants of the meeting noted that the realization of the project to build Power of Siberia-2 gas pipeline connecting Russia and China though the territory of Mongolia, which will transport 50 billion cubic meters of natural gas a year to China, has taken a step forward.
The meeting reviewed the implementation of the bilateral joint plan and agreed on further measures and activities to be taken by the sides. Next week, a “Confidentiality Agreement” will be established between Gazprom PJSC and Erdenes Mongol LLC.
At the request of the Russian side, Prime Minister of Mongolia U.Khurelsukh took part in the virtual signing ceremony and delivered an address.
In his address at the signing ceremony, PM U.Khurelsukh highlighted that the signing of a Memorandum of Understanding on jointly exploring the possibilities of implementing the project was one of the most important results of his official visit to Russia in December 2019.
Emphasizing that the successful implementation of the project is significant to not only enrich the comprehensive strategic partnership between Mongolia and the Russian Federation but also advance bilateral cooperation to a new level, the PM pledged to put special attention to the progress of the project and provide relevant support and assistance.
Gazprom PJSC, China National Petroleum Corporation (CNPC) and Erdenes Mongol LLC are working on the implementation of the project, reports the Media and Public Relations Department of the Government.
Published Date:2020-08-26
