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GPB proposes LNG transport, power projects to Mongolia www.interfax.com
MOSCOW. Feb 10 (Interfax) - While Gazprom is discussing a transit gas pipeline to China with Mongolia, Gazprombank (GPB) has started negotiations on projects to use liquefied natural gas (LNG) in automobile transport and the electricity sector, Mongolian state news agency Montsame reported.
A delegation from the bank that included its director of oil and gas projects and CEO of JSC Cryogas Vladimir Smelov and vice president Mikhail Rodionov met with the chairman of the Citizens' Representative Khural of Ulaanbaatar, J. Batbayasgalan on February 9.
At the meeting, Smelov announced plans to build and operate an LNG plant and distribution stations.
"In order to launch mutually-beneficial cooperation, it is necessary for the authorities of Mongolia's capital city to provide support and hold discussions in phases to reach an agreement. A certain amount of policy support is also needed to introduce gas as fuel for vehicles in Ulaanbaatar city," Smelov was quoted as saying by Montsame.
Batbayasgalan responded that the world is looking for environmentally clean and renewable energy sources and this is a problem not just for Mongolia's capital, but for the whole world.
"The capital city and its corresponding agencies and departments are currently focusing on increasing the use of environmentally-friendly energy sources in order to reduce the sources of pollutants in the air and soil. It is a pleasure to cooperate in introducing a proper solution that has had significant results," Batbayasgalan said.
Earlier this week, the GPB delegation met with the leadership of Arkhangai province, in central Mongolia. The province is suitable for production of solar power and the combination of LNG and solar energy will be an economically beneficial solution, the bank's representatives were reported as saying by Montsame.
The bank is prepared to cooperate in this area and for this the province will first need to do a study, they said.
It was reported earlier that Gazprom and Mongolia are discussing the construction of the Soyuz Vostok gas pipeline from Russia to China with capacity to carry 50 billion cubic meters per year. In light of this, Mongolia is also considering the prospects of using gas in its economy.
Published Date:2022-02-11
