We got details from Kh.Narankhuu, Minister of Industry and Trade on gas price.
It’s been several days since a deadline for responding to a proposal of Russian Company “Rosnefti” expired. Aren’t they dramatically increasing the gas price?
Talks and negotiations are held with Russian side at all levels. I sent a letter to the Minister of Food and Agriculture of Russia. Confirming the interest of importing oil product from Russia, the letter told that specific study on Russian proposal was time-consuming. Also it mentioned about the advantage of entrance of foreign company into the domestic market that it would increase competition and liberalize the market.
Moreover we asked to keep gas price stable until the Parliament finishes discussing the matter. Russia did not send any official reply yet. We will carefully observe how Rosnefti Company would react to our proposal. They informed that a gas price would be changed if necessary.
Is the Government processing alternatives other than establishing 100 Russian stations?
There are 2-3 options. One option is that the Government itself regulates import tax, VAT and excise tax of oil products. The Government will take the authority to null the tax if necessary. This option has been submitted to the parliament 2 months ago. On the other hand, another option here is to prepare resources. It is essential to consult with the Parliament on assets. A gateway for solving all of them as a complex is essential. It is almost clear that gas price would increase in the future. Therefore a structure that enables Government regulation is vital.
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