Mongolia backs Russia-China pipeline plans

"We also support the construction of oil and gas pipelines to supply natural gas from Russia to China through the territory of Mongolia and propose to study this issue from the viewpoint of technical and economic justification," Khurelsukh said.

Russian energy giant Gazprom hopes to build the Power of Siberia 2 gas pipeline via Mongolia to China with a view to exporting 50 billion cubic metres of gas per year via the route by 2030. 

No plans for an oil pipeline via Mongolia have yet been formally proposed.