Fundamental Principles Of Mongolia’s Energy Security Strategy

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.