At the Gastech Exhibition & Conference 2025, JERA Co., Inc. and the Government of Montenegro formalised a strategic partnership through the signing of a memorandum of understanding (MOU) for the future development of an LNG terminal and an associated gas-fired power plant in Montenegro. This landmark agreement represents a significant step forward in strengthening Montenegro’s energy security while positioning the country as a pivotal energy hub in the Western Balkans region.
The Japanese energy giant will leverage its extensive global expertise to conduct a comprehensive feasibility study that will examine the technical, commercial, and financial aspects of the proposed infrastructure development. This thorough assessment will provide the foundation for determining the viability and optimal implementation strategy for the ambitious energy projects.
Left: Admir Sahmanovic, minister of energy and mining
Right: Steven Winn, chief global strategist of JERA
Steve Winn, JERA’s chief global strategist, emphasised the company’s commitment to the partnership, stating: “Our extensive experience in LNG infrastructure and international energy projects positions us to help Montenegro achieve its strategic energy objectives with realistic, economically viable solutions.”
The collaboration underscores JERA’s broader mission to address global energy challenges through the development of reliable and sustainable infrastructure solutions. By bringing their proven track record in international energy projects to Montenegro, JERA aims to deliver infrastructure that meets both immediate energy security needs and long-term economic development goals.
This partnership reflects the growing importance of energy diversification and security in the Western Balkans, with Montenegro seeking to enhance its position as a regional energy hub through strategic international collaborations. The potential LNG terminal and power plant development could significantly impact the country’s energy landscape and contribute to regional energy stability.
The feasibility study will serve as the crucial next step in determining how to proceed with these infrastructure developments, ensuring that any future projects are both technically sound and commercially viable for all stakeholders involved.
For more information visit www.jera.co.jp
