Mongolia Expands Coal Exports and Eyes Energy Cooperation with China
Key Ideas
- Mongolia plans to increase coal exports to China by 20% this year, reaching 100 million tons, with aspirations to grow to 165 million tons in the future.
- The two nations have agreed on a new cross-border rail link to boost export capacity by 30 million tons, aiming to enhance energy cooperation.
- Mongolia is looking to engage in energy partnerships with China and other nations, focusing on green power generation, hydrogen production, and natural gas transit.
- The Mongolian government is also pushing for trilateral negotiations with China and Russia on the Power of Siberia 2 pipeline, and aims to produce hydrogen from its coal reserves for export.
Mongolia is set to increase its coal exports to China by almost a fifth this year as part of efforts to enhance energy cooperation with its neighboring country. The Mongolian Prime Minister, Oyun-Erdene Luvsannamsrai, announced plans for coal exports to reach 100 million tons this year, with a vision to expand to 165 million tons in the future. A new cross-border rail link agreement between Mongolia and China is expected to boost export capacity by 30 million tons. Additionally, Mongolia aims to engage in energy collaborations with China and other nations, particularly focusing on green power generation, hydrogen production, and natural gas transit. The government also seeks trilateral negotiations with China and Russia regarding the stalled Power of Siberia 2 pipeline. Moreover, Mongolia is considering utilizing its coal reserves for hydrogen production, targeting heavy industries like steel-making. Talks have been initiated with countries in the Middle East for potential hydrogen exports. The overall sentiment in the article is positive, highlighting Mongolia's strategic efforts to expand its energy partnerships and explore new avenues for energy cooperation.
Topics
Middle East
Energy Cooperation
Hydrogen Production
International Trade
Coal Exports
Natural Gas Pipeline
Rail Link
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