Gazprom has signed a memorandum of cooperation with the Mongolian government aimed at developing a partnership in the oil and gas sectors.
The document was signed during a working visit by a delegation from PJSC Gazprom led by Management Board Chairman Alexei Miller to Mongolia, Gazprom said.
Miller held working meetings with the Mongolian president and the country's prime minister in Ulaanbaatar. "The meetings discussed prospects for cooperation in the gas sector," Gazprom said.
It was previously reported that the Mongolian side is completing the environmental assessment of the Soyuz Vostok gas pipeline from Russia to China, which will become an extension of Power of Siberia 2. The Power of Siberia 2 project involves supplying up to 50 billion cubic meters of gas per year to China through Mongolian territory from the resources of Western Siberia. The project's implementation timeline depends on the conclusion of a contract between Gazprom and China's CNPC, negotiations for which are still ongoing.
Natural gas consumption in Mongolia, through which a transit gas pipeline from Russia to China will be laid, could reach 5.6 bcm per year by 2040, according to estimates by scientists from the Melentyev Institute of Energy Systems of the Russian Academy of Sciences' Siberian Branch.

Published Date:2025-08-27