Page 7 - AsianOil Week 39 2021

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China, Russia send fuel supplies to Mongolia

POLICY CHINA and Russia are exporting gasoline
to Mongolia on an emergency basis to help
the country cope with a fuel supply shortage,
according to Chinese media reports.
An oil tanker train from China arrived
in Mongolia on September 26 carrying
2,750 tonnes of AI-92 gasoline, according
to a notice issued by the Ministry of Mining
and Heavy Industry of Mongolia. There are
also local reports that an oil shipments train
from Russia arrived in Altanbulag, Mongo-
lia, on the same day, carrying 1,212 tonnes
of AI-92 gasoline.
Mongolian gasoline stations have for several
days curtailed sales of AI-92 and AI-95 fuels with
distributors reporting that the availability of the
fuels has been constrained due to difficulties
besetting imports from Russia and China.
The disruptions can be traced back to July
30 when the Mongolian Mineral Resources and
Petroleum Authority announced that it would Mongolia imports all of the oil products it
seek to increase imports of Chinese gasoline consumes, with the Ministry of Mining and
because Russian prices had risen. Heavy Industry noting that demand for AI-92
That prompted five Mongolian gasoline gasoline amounts to 38,000-40,000 tonnes
distribution companies to sign contracts with per month. Of that, Russia has been supplying
China to meet consumer needs. However, due 90-95% and China 5-10%.
to heavy domestic freight traffic, Chinese railway With the arrival of the emergency shipments,
officials then informed Mongolian authorities Mongolia was set to resume normal supplies of
that the ordered fuel could only be supplied in gasoline from September 27.
October. Mongolia’s dependence on oil product
Russia, meanwhile, informed Mongolia that imports is expected to end next year, when the
it would be unable to supply fuel from Septem- country’s first refinery project is slated to come
ber 16 to October 1. on line.™

OCEANIA

Australia funds

CCUS development

POLICY THE Australian government has committed Australian Energy Minister Taylor said driving
AUD250mn ($180.9mn) to speed up the develop- down the cost CCUS was an important element of
ment of commercial-scale carbon capture, use and the government’s “technology not taxes approach”
storage (CCUS) projects and hubs across Australia. to reducing greenhouse gas (GHG) emissions.
The CCUS Hubs and Technologies Program Taylor said: “Analysis by the International
will provide funding both the design and con- Energy Agency shows that half the global reduc-
struction of CCUS facilities as well as ongoing tions required to achieve net zero will come from
research and development efforts, the Ministries technologies that are not yet ready for commer-
of Resources and Energy said in a joint statement cial deployment. That’s why we’re partnering
on September 30. with industry to accelerate new projects and
Some AUD100mn ($72.4mn) has been unlock the emissions and economic benefits of
earmarked for the design and construction of carbon capture technology.”
carbon capture hubs and shared infrastructure, Australian Resources Minister Keith
while AUD150mn ($108.6mn) will support both Pitt said the technology would support the
R&D as well as the identification of viable carbon ongoing use of Australia’s abundant natural
storage sites. resources, including coal.

Week 39 30•September•2021 www. NEWSBASE .com P7