Minister of Economic Development N.Batbayar requests Russian side to construct a natural gas pipeline via Mongolian territory
Home pageMinister of Economic Development N.Batbayar requests Russian side to construct a natural gas pipeline via Mongolian territory
Minister of Economic Development N.Batbayar requests Russian side to construct a natural gas pipeline via Mongolian territory
Mongolian delegates led by Prime Minister of Mongolia N.Altankhuyag have participated in the Saint Petersburg International Economic Forum held on May 22-24, 2014. 
 
During the attendance, Premier N.Altankhuyag and Minister for Economic Development of Mongolia N.Batbayar have held meetings with the Russian President V.V.Putin, Russian Railways President V.I.Yakunin, Rosneft President I.I.Sechin and Minister for Economic Development of the Russian Federation A.V. Ulyukaev respectively. 
 
During the meeting between Minister Nyamjav BATBAYAR and Minister Aleksei Valentinovich Ulyukaev, parties exchanged views on accelerating bilateral economical partnership, where Minister N.Batbayar proposed Mongolia’s initiations on constructing natural gas and oil pipelines, auto roads and energy network connecting Russia and China through Mongolian territory
 
In the scope of natural gas pipeline via Mongolian territory, Minister N.Batbayar offered that Russia, China and Mongolia, the three parties should agree on establishing a new concept of this gas route namely “Steppe Road”. He also noted it was good that the Governments of Russia and China have negotiated to construct a natural gas pipeline and if the route passes through Mongolia it would be the most beneficial solution for three countries. 
 
Furthermore, Minister N.Batbayar said in order to increase bilateral trade turnover, parties agreed to mutually realize its national currencies, to establish a swap agreement and strengthen cooperation between the Central Banks of the two countries. 
 
In response, Russian Minister A.Ulyukaev affirmed to fully utilize the economic partnership opportunities and offered to study on co-establishing and joining a Free Trade and Economic Zone. 
 
Afterwards, relevant Ministries agreed to establish agreement on cooperation between the two countries in order to facilitate bilateral economic partnership. 
 
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May 26, 2014


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