Montenegro’s Minister of Energy and Mining, Admir Šahmanović, and Steve Winn, representative of Japan’s JERA Co., Inc., signed a Memorandum of Understanding (MoU) at Gastech 2025 to explore the potential development of a liquefied natural gas (LNG) terminal and associated gas-fired power plant in Montenegro.
The strategic partnership aims to leverage JERA’s global expertise to enhance Montenegro’s energy mix, strengthen supply security, support decarbonization goals, and position the country as a regional energy hub in the Western Balkans.
Under the MoU, JERA and Montenegro’s Ministry of Energy and Mining will conduct a comprehensive feasibility study assessing the technical, commercial, and financial viability of the proposed LNG terminal and gas-fired plant, including the analysis of multiple potential sites. The study will provide concrete data to guide strategic decisions in energy security and sustainable development.
Šahmanović highlighted that the collaboration gives Montenegro access to advanced knowledge and technology necessary for further development of the energy sector and informed strategic decision-making.
Steve Winn emphasized JERA’s commitment as a reliable global energy partner, bringing extensive experience in LNG infrastructure and complex international energy projects to support Montenegro’s energy security and decarbonization initiatives.
JERA, founded in 2015, is Japan’s largest electricity company, producing one-third of the country’s power and ranking among the world’s largest LNG buyers. The company operates across the full energy supply chain and has committed to achieving net-zero CO₂ emissions in domestic and international operations by 2050.
