I don’t think it’s positive
1.Can Mongolian Gov or JGH use this pipeline for its own gas? I really doubt.
2. Gas demanding from China has fallen sharply, 20% lower than last year PCP. For the worse, China already peaked and running downhill
3. Russian gas is cheaper and prioritized. How to compete? Also Russia’s supply outplays China could afford. Why would China buy gas from Mongolia?
4. Except China, who are the possible buyers?who invests billions to build a pipeline? Mongolia is a landlocked country and the pipeline must be through either Russia or China. I can’t c any interest from Japan or Korea.
A good resource but not feasible. China is Mongolia’s buyer and the only one.
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