All parties agree with the gas pipeline project from Russia through Mongolia to China. This was stated by Russian President Vladimir Putin at a meeting with the head of Mongolia Ukhnaagiin Khurelsukh during a working visit to the PRC.
“We have significant projects, multifaceted, including joint ones with the People’s Republic of China. I mean, the construction of a gas pipeline system through Mongolia to China. Everyone agrees with this project, all parties want to participate, want to work. It’s a matter of implementation. I think we will move at a good pace,” Putin said.
Putin also added that trade turnover between Russia and Mongolia in 2022 increased by 40%.
In his response speech, Khurelsukh invited the Russian leader to visit Mongolia. He also noted that the development of relations with Russia is a priority of the country’s foreign policy.
“Throughout history, we have treated Russia with warmth,” added the Mongolian leader.
In March 2023 Russia and China agreed almost all parameters for the Power of Siberia – 2 gas pipeline project, which will run from Russia to China. The project involves transit through Mongolia and construction of the Soyuz Vostok gas pipeline in the country. The maximum capacity of Power of the East 2 will be 50 billion cubic meters. m. According to Deputy Prime Minister Alexander Novak, the gas pipeline Maybe become for Russia a replacement for Nord Stream 2.
The Power of Siberia gas pipeline with a capacity of 38 billion cubic meters. m per year was launched in December 2019. The pipeline was laid from the Chayandinskoye field in Yakutia through the Irkutsk and Amur regions and further to China. Russian gas supplies to China via it in 2022. grew up 1.5 times the level of the previous year and reached a record value of 15.5 billion cubic meters. m.