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Japan’s power firm and LNG trader Jera is expected to complete a feasibility study on the development of a liquefied natural gas (LNG) terminal and associated gas-fired power plant in Montenegro by the end of June this year.
Montenegrin prime minister Milojko Spajic announced this via social media following a meeting with Yukio Kani, CEO of Jera, in Davos on Thursday.
Based on the memorandum of understanding signed last September in Milan, he expects that the feasibility study will be completed by the end of June 2026
Under this Mou, JERA and the Montenegro government agrred to 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.
Montenegro has no LNG import terminals, but there were previous announcements on building such facilities in the Balkan country.
In 2023, the government of Montenegro signed a memorandum of understanding with two US-based firms to build an LNG import terminal and a power plant in Bar.
The US companies are Enerflex Energy Systems and Wethington Energy Innovation.
The governemnt said at the time that the fixed terminal at or near the port of Bar, on the Adriatic Sea, would consist of an offloading pier for imports of LNG, storage facilities for LNG, and a regasification facility which would supply the gas via a short pipeline to the nearby thermopower project.