As part of ongoing efforts to diversify Mongolia’s energy supply sources and enhance long-term energy cooperation, Mongolia’s Minister of Industry and Agriculture, G. Damdinnyam, has held high-level talks in China with officials from China National Petroleum Corporation (CNPC) — China’s state-owned oil company.
During the meeting, the two sides discussed opportunities to expand the supply of petroleum products, ensure stable deliveries, and deepen broader cooperation in the energy sector. Mongolia currently imports 100% of its fuel, with roughly 95% sourced from Russia and the remainder from China. Expanding the volume of imports from CNPC was a central focus of discussions.
Minister Damdinnyam emphasized Mongolia’s commitment to a policy of securing a steady and reliable supply of fuel, noting that ensuring a consistent energy supply is critical for national development and economic stability. Representatives from CNPC confirmed their readiness to support this goal by maintaining consistent availability of fuel in the Mongolian market and increasing delivery efficiency in the coming years.
In addition to fuel supply, the discussions also covered cooperation on a trans-Mongolian natural gas transmission pipeline project linking Russia and China. Both sides agreed to continue working actively on advancing this infrastructure initiative, which has potential to strengthen Mongolia’s role in regional energy transit and enhance supply reliability.
The move to formalize a long-term fuel supply agreement with CNPC reflects Mongolia’s strategy to bolster resilience in its energy procurement and reduce risk associated with over-reliance on a single supplier. A finalized deal could have significant implications for Mongolia’s energy market stability and bilateral economic cooperation with China.
