JERA signs MoU with Montenegro for LNG terminal

Through this strategic partnership, the government of Montenegro will leverage JERA’s extensive global expertise to enhance its national energy mix, strengthen energy security, support decarbonisation goals, and position the country as a major energy hub in the Western Balkans.

Under this MoU, JERA and the Montenegro government will conduct a comprehensive feasibility study covering the technical, commercial, and financial viability of the proposed LNG Terminal and the associated gas-fired power plant development project. This study will also lay the groundwork for potential project implementation agreements.

H.E. Minister Admir Šahmanovic, Minister of Energy and Mining of the Montenegro Government said: “We signed an MoU with the Japanese company JERA, and this cooperation provides Montenegro with access to knowledge and experience essential for the further development of our energy sector. The planned feasibility study will provide us with concrete data on potential locations and the viability of LNG development in Montenegro, thereby creating the basis for making strategic decisions in the interest of our country’s energy security and sustainable development.”

Steve Winn, Chief Global Strategist, JERA added: “As a reliable energy partner committed to reliable, sustainable energy development, our extensive experience in LNG infrastructure and proven track record of delivering complex international energy projects, uniquely position us to help Montenegro achieve its strategic energy objectives. We look forward to supporting Montenegro's vision for enhanced energy security and decarbonisation with realistic, economically viable solutions.”

Read the article online at: https://www.tanksterminals.com/terminals/12092025/jera-signs-mou-with-montenegro-for-lng-terminal/