Montenegro’s Government has announced that a comprehensive feasibility study examining the viability of a potential liquefied natural gas (LNG) terminal and associated gas-fired power plant is expected to be completed by the end of June 2026, underscoring the country’s growing focus on energy security and infrastructure diversification. The announcement came from Prime Minister Milojko Spajić during the World Economic Forum in Davos, where he discussed the initiative with international energy partners.
The forthcoming study is mandated to assess the technical, commercial, and financial feasibility of developing both an LNG import terminal and a gas power generation facility in Montenegro. It builds on a Memorandum of Understanding signed in late 2025 between the Government and JERA, a large Japanese energy company with global experience in LNG infrastructure and thermal power projects. Under that agreement, JERA will collaborate with Montenegrin authorities to deliver a detailed analysis that could inform subsequent investment decisions and project structuring.
Spajić highlighted the strategic dimension of the cooperation, noting that Montenegro’s vision to strengthen national and regional energy security is supported by partners with significant track records in implementing major international energy developments. The study is intended to lay the groundwork for possible future agreements on project implementation and financing.
The feasibility study is part of a broader national dialogue about expanding Montenegro’s energy infrastructure and reducing reliance on imported electricity, while aligning with wider regional energy objectives. Securing a reliable source of natural gas supply remains a central component of any future gas-based generation plan.
Completion of this feasibility analysis by June will represent a key milestone in determining whether the proposed LNG terminal and gas-fired facility can proceed to detailed design and eventual construction phases, potentially reshaping Montenegro’s role in Southeast European energy markets.
