Gazprom Sign Off Mongolian SPV To Study Gas Supplies To China

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Gazprom has registered a ‘Special Purpose Vehicle’ (SPV) company in Mongolia to deal with design and survey and the feasibility study for the project of building a main gas pipeline across Mongolia for gas deliveries to China, the Russian company stated last Friday. SPV’s are typically set up to deal with one particular project, and then closed.

Gazprom CEO Alexei Miller said that the Soyuz Vostok gas pipeline if feasible, will be a Mongolian extension of the Russian gas pipeline Power of Siberia 2. That has a transshipment capacity more than 1.3 times over the capacity of the original Power of Siberia gas pipeline.

Power of Siberia 2 makes possible gas supplies from West Siberia for export in huge quantities not merely to Europe, but also to the East.

Gazprom plans to complete the Mongolia feasibility study for gas pipeline construction through the country by the end of March this year. Planned throughput capacity of the pipeline can be up to 50 billion cubic meters of gas per year.

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