Asia Mongolia Parliament is reviewing a new $700M loan with India’s Exim Bank to fund increased costs for the Oil Refinery Project, a key initiative since 2017; the deal, at a 1,75% interest rate, includes stricter financial terms and a 20-year repayment plan
Asia Mongolia The proposed Russia-Mongolia-China natural gas pipeline has been discussed in a Cabinet's regular session; 958.6km-long, it would cross six Mongolian provinces, aiming to reduce urban air pollution through expanded, accessible domestic gas supply
Asia Mongolia The Selbe Subcenter project in Ulaanbaatar aims to create a model “20-minute city” over 158 hectares; It will include 113 residential complexes, schools, hospitals, roads, bike paths, and green spaces and construction is set to finish by 2027
Asia Mongolia A resolution to combat Ulaanbaatar’s air pollution was approved by Cabinet; 32.000-50.000 households in ger districts, areas with traditional yurts using coal, will switch to gas, receiving stoves and subsidies; government will aid in reducing heat loss
Asia Mongolia Coal exports to China will grow by nearly 20% in 2025 up to 100 million tons; the initiative seeks to enhance energy cooperation and capitalize on China’s demand and the strategy includes infrastructure improvements and streamlined border processes