JERA, the largest gas trader and a subsidiary of Japan’s two largest energy firms, is keen on investing in Montenegro. They operate one of the world’s largest eco-friendly power plants – Futsu.

The Government has announced that the power plant has a capacity of 5.16 gigawatts (GW) across 21 blocks, which is five times more than Montenegro’s total annual energy requirements and 20 times that of TEPV.

Prime Minister Milojko Spajić is currently on a working visit to Japan, where he has been meeting with representatives from various Japanese companies to showcase Montenegro’s investment opportunities.

During his visit, Spajić had discussions with Yukio Kani, the CEO of JERA, about leveraging Montenegro’s energy potential.

“Energy presents a significant development opportunity for us. Thus, it is crucial that we carry out all prospective projects with reliable partners who can help ensure the sustainability, accessibility, and stability of our energy system,” stated Spajić.

Kani briefed Spajić on the company’s global acquisitions, highlighting the importance of energy connections with regional countries for maintaining stability and equilibrium.

The Japanese firm expressed interest in broadening their operations in Montenegro and suggested the formation of a joint team to assess and outline potential collaboration directions.

In this regard, the need for adherence to legal frameworks and process transparency was underscored, given Montenegro’s priority of achieving imminent European Union membership.

At the meeting, both parties acknowledged Montenegro’s potential to lead in green energy production.

As part of his visit, Spajić and his team toured one of the largest LNG terminals in the world, managed by JERA, located in Tokyo Bay.

This facility, known as the Fucu plant, was established 40 years ago and has a capacity of 5.16 GW spread across 21 blocks, which, as noted, far exceeds Montenegro’s total annual energy needs.

The plant adheres to high environmental standards and safety protocols, significantly contributing to the stability of Japan’s energy infrastructure.

During the meeting, they agreed to continue discussions with the Ministry of Energy and Mining to define models for potential investments in Montenegro’s energy sector.

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