Gazprom and the Government of Mongolia have signed a memorandum of cooperation to deepen partnership in the oil and gas sector, the Russian energy major said Tuesday. The agreement was concluded in Ulaanbaatar during a visit by Gazprom CEO Alexey Miller, who met with President Ukhnaagiin Khurelsukh, Prime Minister Gombojavyn Zandanshatar, and Deputy Prime Minister Sainbuyangiin Amarsaykhan. Signed by Miller and Amarsaykhan in the presence of President Khurelsukh, the memorandum outlines plans to advance joint projects and long-term cooperation, with a particular focus on natural gas.
Talks centered on opportunities for collaboration tied to Mongolia’s growing role as a regional energy transit corridor—most notably the proposed “Power of Siberia-2” route from Russia to China via Mongolian territory. The Mongolian section, known as Soyuz Vostok, is nearing completion of its environmental assessment, according to earlier statements. The overall project is designed to deliver up to 50 billion cubic meters (bcm) of gas per year from Western Siberia to China. Its implementation timeline remains contingent on a supply contract between Gazprom and China’s CNPC, negotiations for which are still underway.
Beyond transit, the memorandum aligns with Mongolia’s potential domestic gasification plans. Research from the Melentyev Institute of Energy Systems (RAS, Siberian Branch) estimates Mongolia’s own natural gas consumption could reach about 5.6 bcm annually by 2040, underscoring the country’s interest in developing infrastructure and securing reliable supply. Overall, the new framework signals a tightening energy relationship between Moscow and Ulaanbaatar while positioning Mongolia at the center of a prospective Russia–China gas corridor.

Published Date:2025-08-27