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Economy

Two countries to cooperate in methane gas project

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During Mongolian-German Economic Committee meeting, held on October 13 in Ulaanbaatar, the Ministry of Energy of Mongolia and ThyssenKrupp of Germany established a memorandum of understanding on a methane gas processing project.

During her state visit to Mongolia in 2011, German Chancellor Angela Merkel pledged to provide an assistance for coal processing. Following her visit, the intergovernmental working group was established, and the Government of Germany selected ThyssenKrupp as the company to cooperate on the project with Mongolia.

President of Mongolia Ts.Elbegdorj visited Germany in 2012, during which authorities of the former Ministry of Mineral Resources and Energy and ThyssenKrupp signed a memorandum of understanding on the project to produce fuel by diluting coal, as well as MOU in the minerals, industrial, and technological sectors.

The signing of  the memorandum to establish a methane gas production factory has been discussed, but delayed as Mongolia’s gas supply matter was indefinite. One of Mongolia’s options for generating a natural gas reserve is to extract natural gas by processing coal.

In 2015, Mongolian lawmakers amended the Law on Energy in regards to natural gas and methane, opening up possibilities to build a factory like the one being discussed now with ThyssenKrupp. The German company owns an environmentally-friendly technology for coal processing and extracting methane gas.

The Office of Media and Public Relations of the Cabinet reported that the memorandum states that ThyssenKrupp will work on a feasibility study and ensure personnel preparedness, while the Ministry of Energy will issue a license and provide support in creating conditions to build the factory. The Mongolian side will also select a Mongolian project contractor and provide assistance in raising funds for building the factory.

Photo and news source: Ministry of Energy, Mongolia.

During Mongolian-German Economic Committee meeting, held on October 13 in Ulaanbaatar, the Ministry of Energy of Mongolia and ThyssenKrupp of Germany established a memorandum of understanding on a methane gas processing project.

During her state visit to Mongolia in 2011, German Chancellor Angela Merkel pledged to provide an assistance for coal processing. Following her visit, the intergovernmental working group was established, and the Government of Germany selected ThyssenKrupp as the company to cooperate on the project with Mongolia.

President of Mongolia Ts.Elbegdorj visited Germany in 2012, during which authorities of the former Ministry of Mineral Resources and Energy and ThyssenKrupp signed a memorandum of understanding on the project to produce fuel by diluting coal, as well as MOU in the minerals, industrial, and technological sectors.

The signing of  the memorandum to establish a methane gas production factory has been discussed, but delayed as Mongolia’s gas supply matter was indefinite. One of Mongolia’s options for generating a natural gas reserve is to extract natural gas by processing coal.

In 2015, Mongolian lawmakers amended the Law on Energy in regards to natural gas and methane, opening up possibilities to build a factory like the one being discussed now with ThyssenKrupp. The German company owns an environmentally-friendly technology for coal processing and extracting methane gas.

The Office of Media and Public Relations of the Cabinet reported that the memorandum states that ThyssenKrupp will work on a feasibility study and ensure personnel preparedness, while the Ministry of Energy will issue a license and provide support in creating conditions to build the factory. The Mongolian side will also select a Mongolian project contractor and provide assistance in raising funds for building the factory.

Photo and news source: Ministry of Energy, Mongolia.

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Category
Economy
Published
2015-10-19


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