AGP Executive Report
Last update: 4 hours agoEnergy Diplomacy: Mongolia’s Sun Steppe Power and Saudi firm ACWA will assess a proposed 4.5-gigawatt renewable power project, with battery storage and export links to China or other markets. The deal complements a wider Mongolia-Saudi energy cooperation memorandum covering renewables, oil and gas, refining and electricity. Oil Refinery: President Khurelsukh inspected construction in Dornogobi; the state project is about 60% complete and aims to begin operating in 2028, meeting a projected 55% of domestic fuel demand. Infrastructure: Japan is lending Mongolia $1 billion to expand Chinggis Khaan Airport, under a 40-year loan at 1.1% interest with a 10-year grace period; capacity is set to rise to 5.2 million passengers a year. Green Trade: Mongolia and Singapore plan to open applications for joint carbon-credit projects on October 30, following a business forum and a new cooperation agreement between their business federations. Regional Ties: Mongolian and Uzbek lawmakers discussed expanding trade and legislative cooperation, while Mongolia and Laos explored transport links and exchanges in trade and tourism.
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