MEETING WITH EXECUTIVE COMMITTEE MEMBERS OF THE NORTHEAST ASIAN GAS & PIPELINE FORUM
In connection to Mongolia’s hosting of the Executive Committee Meeting of the Northeast Asian Gas & Pipeline Forum, President of Mongolia Khaltmaagiin Battulga received delegates led by its President Nobuo Tanaka today.
At the meeting, the sides emphasized the increasing relevance of energy and natural gas supply in the Northeast Asian region owing to the growth of regional population and economy and agreed on the importance of Mongolia’s engagement in supplying these rising demands. For instance, the shortest route for building gas pipeline between the Russian Federation and the People’s Republic of China is a 1,100 km long course via Mongolia, and it is considered possible to supply energy to consumer countries such as Japan and the Republic of Korea, consequentially reducing energy prices. This matter was discussed in depth with scientists and experts from the People’s Republic of China, the Republic of Korea, the Russian Federation, and Japan expressing their respective views.
The Northeast Asian Gas & Pipeline Forum studies the strategic aspects of building a natural gas pipeline network within the region and the profits to be gained from natural gas consumption and generates an important database on the gas markets of countries in the Asia & Pacific region. Therefore, President Battulga asked the participants of the meeting to pay close attention to and work closely regarding the matter of building the gas pipeline through Mongolia.