Mongolia Seeks China Gas Accord to Boost Foreign Investment
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Mongolia is seeking to sign a gas project and supply accord with China next month, in a deal that would help the world’s second-largest economy expand energy supplies and potentially revive foreign investment in Mongolia.
The agreement will cover construction of two coal-to-gas plants with 95 percent of output going to China through pipelines, Erdenebulgan Oyun, Vice Minister for Mining said yesterday in an interview in Ulaanbaatar. Gas production is expected to begin in 2019, he said.