Montenegro’s government has announced that a feasibility study evaluating the potential for a liquefied natural gas (LNG) terminal and an associated gas-fired power plant is expected to be finalized by the end of June 2026. This initiative reflects the country’s increasing commitment to enhancing energy security and diversifying its infrastructure. Prime Minister Milojko Spajić made this announcement during the World Economic Forum in Davos, where he engaged with international energy partners regarding the project.
The upcoming study will evaluate the technical, commercial, and financial viability of establishing both an LNG import terminal and a gas power generation facility in Montenegro. This assessment follows a Memorandum of Understanding signed in late 2025 between the Montenegrin government and JERA, a prominent Japanese energy firm experienced in LNG infrastructure and thermal power initiatives. Under the terms of this agreement, JERA will work alongside Montenegrin authorities to provide a comprehensive analysis that could guide future investment decisions and project development.
Spajić emphasized the strategic importance of this collaboration, highlighting that Montenegro’s goal to enhance both national and regional energy security is bolstered by partnerships with entities that have extensive experience in executing significant international energy projects. The feasibility study aims to establish a foundation for potential future agreements regarding project execution and funding.
This feasibility assessment is part of a wider national conversation focused on expanding Montenegro’s energy infrastructure and decreasing dependency on imported electricity, aligning with broader regional energy goals. Ensuring a dependable source of natural gas remains crucial for any forthcoming gas-based generation strategy.
The completion of this feasibility study by June will serve as a pivotal milestone in determining whether the proposed LNG terminal and gas-fired power plant can advance to detailed design and construction phases, which could significantly influence Montenegro’s position within Southeast European energy markets.
