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Long-Term Agreement to Be Concluded to Increase Fuel Supplies www.montsame.mn
Mongolia has agreed to conclude a long-term agreement with the China National Petroleum Corporation (CNPC) to increase fuel supplies.
The issue of expanding fuel supplies, ensuring stable supply, and broadening bilateral energy cooperation was discussed during a meeting between Minister of Industry and Mineral Resources Damdinyam Gongor and representatives of the state-owned CNPC, according to the Ministry of Industry and Mineral Resources. The sides also agreed to actively cooperate in the implementation of the project to construct a natural gas pipeline transporting gas from the Russian Federation to the People’s Republic of China via the territory of Mongolia.
During the meeting, Minister Damdinyam emphasized that Mongolia is pursuing a policy aimed at ensuring a stable supply to meet its domestic fuel demand.
Representatives of the China National Petroleum Corporation presented their plans and opportunities to stabilize and increase fuel supplies to the Mongolian market and expressed their readiness to strengthen cooperation in the coming years.
Currently, Mongolia imports approximately 95 percent of its fuel consumption from the Russian Federation and the remaining 5 percent from the People’s Republic of China.
Published Date:2026-01-19
