Powering Mongolia's
Energy Future

Jet fuel, gasoline and Euro-5 diesel, delivered through established local refining, storage and rail partners.

Mongolia Operations

Fuel supply built on Mongolian ground.

Cygnus Global pairs international petroleum sourcing with established local refining, storage and rail partners — delivering Jet A-1, gasoline and Euro-5 diesel to Mongolia's aviation, mining and industrial sectors.

0cbm

Total storage capacity across five terminals

0kt / yr

Small-scale oil refinery plant capacity

0partners

Refiners, importers and aviation fuel operators

0% CAGR

National petroleum import growth, 2021–2025

Refinery and downstream operations in Mongolia

Mining drives the economy. Fuel keeps it moving.

Mongolia's economy runs on its natural resources — and every tonne of it moves on fuel. Sustained industrial growth keeps petroleum consumption climbing.

  • Mining contributes 20–25% of GDP and over 90% of export earnings.
  • Diesel is the primary energy source for mining equipment, heavy transport and construction machinery.
  • Rising international flights into Ulaanbaatar are lifting jet fuel demand.
  • Expanding domestic road travel pushes gasoline volumes higher year on year.

A strategic, underserved market

Petroleum Import Growth

Tons, 2021–2025
13.3% CAGR
1.81M
2021
1.88M
2022
2.42M
2023
2.81M
2024
2.97M
2025

Local Expertise

Local Knowledge, Global Standards

With on-the-ground experience in Mongolia, we combine firsthand knowledge of the region with best practices from global aviation markets. This ensures both cultural understanding and operational excellence.

Deep access to Mongolia's fuel sector.

Five things make the Cygnus position in Mongolia difficult to replicate.

  1. Market Access

    Direct relationships inside Mongolia's fuel sector, from refiners to state operators.

  2. Growth Potential

    Exposure to an energy market expanding on the back of mining and aviation demand.

  3. Flexible Trading Model

    Ability to source from multiple international markets rather than a single origin.

  4. Entrepreneurial Leadership

    Founder-led organisation with hands-on, industry-specific petroleum expertise.

  5. Strategic Location

    Singapore-based platform operating in a market that remains structurally underserved.

Building strong partnerships.

Long-term success is built on trusted relationships. Click any partner to read how they fit into the supply chain.

Infrastructure & Storage

Five terminals, measured by distance from central Ulaanbaatar. Rail access and blending capability shape how each site is used, from aviation supply in the capital to bulk storage further down the line.

4,600cbm

Ulaanbaatar MAF

0 km from central UB

15,800cbm

Ulaanbaatar

0 km from central UB

64,000cbm

Arshaant

47 km from central UB

41,800cbm

Choir

225 km from central UB

34,120cbm

Erdenet

365 km from central UB

What We Supply

Five products, five sectors.

Supplied through trusted international suppliers and an efficient logistics network, with every product meeting standards for quality, safety and reliability.

Aviation

Jet A-1

Commercial aviation turbine fuel supplied into Mongolia's airline and airport operations. Delivered through aviation fuel partners with established refuelling capability at Chinggis Khaan International Airport.

Erchis OilAlpha Aviation FuelMAF
  • Primary sectorCommercial aviation
  • Delivery pointAirport hydrant / bowser
  • StorageUB MAF — 4,600 cbm
  • Demand driverRising international flights

Mongolian Petroleum Market

What makes this market worth entering now.

01

Rising import and consumption

Oil consumption is climbing steadily, driven by ever-increasing mining activity.

02

Strategic geographic location

Mongolia sits between two major energy powers, allowing transit, blending and re-export potential on top of domestic supply.

03

Global price sensitivity

Fluctuating global oil prices significantly affect local trade profitability and investment attractiveness.

04

Limited competition

No large-scale private refinery exists, creating a first-mover advantage in refining, blending or terminal operations.

International Counterparties

Trading relationships beyond Mongolia.

The counterparties Cygnus trades with across the Gulf, Europe and Asia.

Nexolub S.L.Spain
Ocean Oil Marine Pte LtdSingapore
Gulf Premium Energy DMCCUAE
Apexpp Commodities DMCCUAE
Open Mineral A.G.Switzerland
Aurora NRG
Enco Trading DMCCUAE
Interasia Energy

Main Contractors

Served through our partner network

Erchis Oil

Click to explore

State Owned • Dornogobi

The Zamyn-Uud Liquid Fuel Transshipment Facility was jointly developed by the Government of Mongolia and the European Union to establish a second source of petroleum product imports, and was commissioned in April 2004.

Alpha Aviation Fuel

Click to explore

Ulaanbaatar

Established in 2023, the company has been providing stable and reliable aviation fuel supply services to Mongolia’s leading airline companies.

SouthGobi Sands LLC

Click to explore

Ulaanbaatar

Coal mining company operating in Mongolia, focusing on the production and sale of coal to customers primarily in China, owning 100% of Ovoot Tolgoi mine, one of the largest coal deposits in Mongolia.

TTJVCO LLC Tavan Tolgoi JVC

Click to explore

Ulaanbaatar

Subsidiary of E-commodities Holdings LTD (the successor corporate group of Winsway). Previously known as Winsway. Prominent mining, and commodities trading firm. Specialized in the extraction and transportation of coal.

Normount LLC

Click to explore

Ulaanbaatar

Normount is a direct subsidiary of Norinco, Chinese State owned company. Leading mining and heavy equipment company operating in the East Tsankhi region of the Tavan Tolgoi coal mine, managing coal extraction, overburden removal, and transportation activities to international standards.

Energy Resources LLC

Click to explore

Ulaanbaatar

Focus on production and export of high-quality coal. Owning and operating two major coking coal mines.

MAK

Click to explore

Ulaanbaatar

“Mongolyn Alt” (MAK) LLC is engaged in diverse sectors including manufacturing of building materials, mining, agriculture, aviation, transportation and tourism.

EMC

Click to explore

State Owned • Erdenet

Erdenet Mining Corporation SOE stands as the largest copper and molybdenum ore mining and beneficiation complex in Asia.

Mongolian Railway

Click to explore

State Owned • Ulaanbaatar

Mongolian Railway is a state-owned company established in 2008 to develop, manage, and operate Mongolia’s national railway infrastructure and logistics network.

Monpolymet Group

Click to explore

Ulaanbaatar

Monpolymet Group is a Mongolian national investment and manufacturing group established in 1992, operating in mining, environmental rehabilitation, construction materials, infrastructure, and international trade with a strong focus on sustainable and environmentally friendly development.

ZES Erdeniin Huvi LLC

Click to explore

Orkhon Aimag

Mongolia’s copper-focused mining company pioneering heap-leach technology in Erdenet.

How the operation actually runs.

Open a section for the operational detail behind the headline numbers.

Cygnus works closely with trusted local partners to ensure timely, reliable and efficient delivery of petroleum products to customers across Mongolia. Local logistics run on the extensive railway network of Ulaanbaatar Railway (UBTZ), a dependable transportation solution for moving petroleum products throughout the country.

To strengthen this further, our principal local partner has access to 10 dedicated rail tank cars, adding flexibility and efficiency in fuel transportation. Combining established railway infrastructure with dedicated rolling stock and strong local partnerships keeps the supply chain secure from source to customer.

Alongside imported barrels, the partnership with Lumitech Refinery gives access to a small-scale oil refinery plant with 50,000 tonnes per annum capacity — a foothold in domestic production in a market where no large-scale private refinery currently exists.

Three of the five terminals — Arshaant, Choir and Erdenet — support blending, which allows product specification to be adjusted closer to the customer rather than at origin.

We operate responsibly, maintaining high standards of safety, integrity and environmental stewardship. Through responsible fuel handling, regulatory compliance and continuous operational improvement, we deliver reliable petroleum products while minimising environmental impact.

  • Strong governance and ethical business practices underpinning every trade.
  • Long-term partnerships over transactional relationships.
  • Investment in our people and in local operational capability.
  • Contribution to Mongolia's national energy security.
  • Lasting value for the industries and communities we serve.

Our partners supply fuel to the industrial base that drives the Mongolian economy — copper and coal miners, state rail, and heavy transport operators. The full client profiles are covered on the Energy page.

  • Mining: SouthGobi Sands, Tavan Tolgoi JVC, Normount, Energy Resources, EMC, ZES Erdeniin Huvi
  • Diversified industry: MAK, Monpolymet Group
  • State infrastructure: Mongolian Railway, Erchis Oil
  • Aviation: Alpha Aviation Fuel, Mongolian Aviation Fuel

International Counterparties

Trading relationships beyond Mongolia.

The counterparties Cygnus trades with across the Gulf, Europe and Asia.

  • Nexolub S.L.
  • Ocean Oil Marine Pte Ltd
  • Gulf Premium Energy DMCC
  • Apexpp Commodities DMCC
  • Open Mineral A.G.
  • Aurora NRG
  • Enco Trading DMCC
  • Interasia Energy
Scroll to Top