JERA Co., Inc. and the Government of Montenegro have jointly announced the signing of a Memorandum of Understanding (MOU) at Gastech 2025 to explore the development of a liquefied natural gas (LNG) terminal and an associated gas-fired plant in Montenegro.

Strategic Partnership Details

Through this strategic partnership, the Government of Montenegro will leverage JERA's extensive global expertise to advance its national energy mix, strengthen energy security, support decarbonization goals, and position the country as a major energy hub in the Western Balkans. Under the MOU, JERA and the Montenegro Government will 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.

Government Response

H.E. Minister Admir Šahmanović, Minister of Energy and Mining of the Montenegro Government, commented on the agreement: “We signed a Memorandum of Understanding with the Japanese company JERA, a renowned and credible global player in the field of energy and liquefied natural gas. Japan is a country recognized for its innovations and advanced technologies, and this cooperation provides Montenegro with access to knowledge and experience essential for the further development of our energy sector.”

Minister Šahmanović further stated: “The planned feasibility study will provide us with concrete data on potential locations and the viability of liquefied natural gas development in Montenegro, thereby creating the basis for making strategic decisions in the interest of our country's energy security and sustainable development.”

JERA's Commitment

Steve Winn, Chief Global Strategist at JERA, expressed the company's position on the partnership: “As a reliable energy partner committed to reliable, sustainable energy development, our extensive experience in LNG infrastructure and proven track record of delivering complex international energy projects uniquely position us to help Montenegro achieve its strategic energy objectives. We look forward to supporting Montenegro's vision for enhanced energy security and decarbonization with realistic, economically viable solutions.”

Company Background

JERA is described as a leading global energy company with expertise across the entire energy value chain, committed to solving the world's energy issues. This collaboration demonstrates JERA's role as a reliable partner dedicated to developing reliable and efficient infrastructure that supports Montenegro's strategic energy ambitions. JERA is a global energy leader and Japan's largest power generation company, focused on providing cutting-edge solutions to the world's energy issues.

Established in 2015, the Company produces one-third of Japan's electricity and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050.

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