Russia discussing project to supply gas to China via Mongolia, Putin says | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
May 29, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, MAY 29, 2025
Russia discussing project to supply gas to China via Mongolia, Putin says

Global Economy

Reuters
08 September, 2022, 09:45 am
Last modified: 08 September, 2022, 09:48 am

Related News

  • Commerce minister's visit to elevate Dhaka-Beijing comprehensive ties to new heights: Ambassador Yao
  • Bangladeshi mangoes enter Chinese markets to boost bilateral trade: Ambassador Yao
  • Residents pick up the pieces one day after deadly China chemical blast
  • Russia-backed group hacked into networks of police and NATO: Dutch authorities
  • Trump says Putin is 'playing with fire' as Russia makes gains in Ukraine

Russia discussing project to supply gas to China via Mongolia, Putin says

"We are in discussions about the possible implementation of a major infrastructure project, I mean the supply of Russian gas to China via Mongolia," Putin said in a televised meeting with Mongolia's Prime Minister Luvsannamsrai Oyun-Erdene

Reuters
08 September, 2022, 09:45 am
Last modified: 08 September, 2022, 09:48 am
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during their meeting on the sidelines of a BRICS summit, in Brasilia, Brazil, November 13, 2019. Sputnik/Ramil Sitdikov/Kremlin via REUTERS
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during their meeting on the sidelines of a BRICS summit, in Brasilia, Brazil, November 13, 2019. Sputnik/Ramil Sitdikov/Kremlin via REUTERS

Russia is discussing a major new infrastructure project to deliver gas to China via Mongolia, President Vladimir Putin said on Wednesday, as Moscow looks to Beijing to replace Europe as its major gas customer.

"We are in discussions about the possible implementation of a major infrastructure project, I mean the supply of Russian gas to China via Mongolia," Putin said in a televised meeting with Mongolia's Prime Minister Luvsannamsrai Oyun-Erdene.

The two leaders were speaking at Russia's Eastern Economic Forum in Vladivostok on the same day Putin threatened to switch off energy supplies if the West adopts price caps on Russia's oil and gas exports.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Russia's Gazprom has for years been studying the possibility for a major new gas pipeline - the Power of Siberia 2 - to travel through Mongolia taking Russian gas to China.

The proposed pipeline could carry 50 billion cubic metres (bcm) of natural gas a year, Gazprom says - slightly less than the Nord Stream 1 pipeline which links Russia to Germany under the Baltic Sea.

The existing Power of Siberia pipeline, which runs from Russia to China, was launched at the end of 2019 with an annual capacity of 61 bcm per year. It is set to become a key revenue earner for Russia over the coming years as Europe tries to ditch its historic reliance on Russian gas.

Just before Russia invaded Ukraine, Putin signed a new 30-year contract to supply gas to China. In 2021, Russia exported 16.5 bcm of gas to China.

Before the Power of Siberia launched, almost all of Russia's pipeline infrastructure was geared towards shipping supplies towards Europe making a pivot to the East a potentially costly and time-consuming endeavour for Moscow.

Putin also said on Wednesday that state-controlled oil company Rosneft had reached an agreement with the Mongolian government to expand cooperation over the supply of oil products.

Top News / World+Biz / China / Europe

Russia / China / Vladimir Putin / Xi Jinping

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Freepik
    Govt likely to trim subsidies in new budget
  • US President Donald Trump speaks during a swearing-in ceremony of Special Envoy Steve Witkoff in the Oval Office at the White House in Washington, DC, US, May 6, 2025. REUTERS/Kent Nishimura/File Photo
    US court blocks most Trump tariffs, says president exceeded his authority
  • Infograph: TBS
    Businesses set for relief as interim govt eyes major tax and fine cuts

MOST VIEWED

  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Dhaka areas at a gridlock on Wednesday, 28 May 2025. Photo: Syed Zakir Hossain/TBS
    BNP, Jamaat rallies: Traffic clogs Dhaka roads, including Motijheel, Paltan, Dainik Bangla intersection
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'
  • Mohammad Abdul Mannan, chairman FSIB Ltd. Sketch: TBS
    FSIB to bounce back soon
  • Mohammad Mamdudur Rashid, managing director and CEO, UCB. Sketch: TBS
    Customers’ trust and confidence fueling deposit growth at UCB

Related News

  • Commerce minister's visit to elevate Dhaka-Beijing comprehensive ties to new heights: Ambassador Yao
  • Bangladeshi mangoes enter Chinese markets to boost bilateral trade: Ambassador Yao
  • Residents pick up the pieces one day after deadly China chemical blast
  • Russia-backed group hacked into networks of police and NATO: Dutch authorities
  • Trump says Putin is 'playing with fire' as Russia makes gains in Ukraine

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

2d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

3d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

3d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

3d | Wheels

More Videos from TBS

Low Pressure over the Bay of Bengal, Signal No. 3 Issued for Sea Ports

Low Pressure over the Bay of Bengal, Signal No. 3 Issued for Sea Ports

10m | TBS Today
The fight between two brothers; Adidas vs Puma

The fight between two brothers; Adidas vs Puma

10h | Others
Trump is again keen to make Canada the 51st state

Trump is again keen to make Canada the 51st state

12h | Others
Trump's tariff strategy and Europe's investment politics, violence or negotiation?

Trump's tariff strategy and Europe's investment politics, violence or negotiation?

13h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net