A plan to develop oil refining capabilities could see Mongolia enhance its energy security, curb its energy import bill and broaden the scope of its manufacturing industry.
Mongolia Energy
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Economic update | Mongolian coking coal may heat up
29 May 2015
A shift by Chinese buyers away from foreign suppliers to Mongolian coking coal, combined with increased optimism over a return of foreign investors, may offset the sharp global downturn in both demand for commodities and in coal prices, though it will be some time before the effects of any rebound are felt in the industry.
Despite abundant energy resources, Mongolia is struggling to meet its growing demand for electricity, increasingly relying on imports until long-term projects to develop new generation capacity are completed.
Economic update | Encouraging mining FDI in Mongolia
24 Jul 2014
Changes to Mongolia’s mining legislation will open up vast new tracts of land for exploration and pave the way for new licence issuances. This should help restore the confidence of foreign investors made wary by government intervention in the sector.
With demand for electricity on the rise, and a national drive to boost renewable power production gathering strength, investor interest in Mongolia’s fledgling wind energy industry looks set to grow.
Extensive oil shale reserves could reduce Mongolia’s dependence on imported energy, but there is some uncertainty over whether its deposits are commercially viable.