Montenegro’s government is set to complete a comprehensive feasibility study by the end of June 2026, evaluating the potential development of a liquefied natural gas (LNG) terminal and a gas-fired power plant. This initiative reflects the country’s increasing focus on enhancing energy security and diversifying its energy infrastructure. Prime Minister Milojko Spajić announced this development during discussions at the World Economic Forum in Davos, where he engaged with international energy partners.
The feasibility study will analyze the technical, commercial, and financial aspects of establishing both an LNG import terminal and a gas power generation facility. This effort is built upon a Memorandum of Understanding signed in late 2025 with JERA, a prominent Japanese energy company recognized for its expertise in LNG infrastructure and thermal power projects. Under this agreement, JERA will work closely with Montenegrin authorities to provide a detailed analysis that will guide future investment decisions and project structuring.
Spajić emphasized the strategic importance of this collaboration, indicating that it aligns with Montenegro’s vision to bolster national and regional energy security. The study aims to establish a foundation for potential future agreements regarding project implementation and financing.
This feasibility analysis is part of a broader national initiative aimed at expanding Montenegro’s energy infrastructure while reducing dependence on imported electricity. A reliable natural gas supply remains crucial for any future plans concerning gas-based power generation.
The completion of this study by June will be pivotal in determining whether the proposed LNG terminal and gas-fired facility can advance to the design phase and subsequent construction, which could significantly influence Montenegro’s position within Southeast European energy markets.
