FUNDAMENTAL PRINCIPLES OF MONGOLIA’S ENERGY SECURITY STRATEGY
FUNDAMENTAL PRINCIPLES OF MONGOLIA’S ENERGY SECURITY STRATEGY

Summary/Abstract: For Mongolia that is located between two giant powers which play significant role in global political and economic policies, external factors including policies pursued by the Russian Federation and People’s Republic of China, and cooperation with these two countries impose direct influence on Mongolia’s energy policy. As Mongolia’s neighbor countries China, furthermore Japan and Korea are main consumers of petroleum, natural gas, it creates a primary leverage for intensive development of raw material exploration and manufacturing. On the other hand, it shall be deemed another leverage to involve Mongolia into North East Asian political, economic security regional integration. Therefore, in order to increase competitiveness and economic influence balance of two neighbor countries, it is essential to encourage third neighbor involvement. By taking into account the current global development trend carried out environmentally friendly, modern technology based activities, a principle of global market price orientation is maintained, ensuring tax payment, transparency, equality of rights and interest in developing bilateral and multilateral cooperation.

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