Podgorica, Tokyo, (MINA-BUSINESS) – Montenegro and Japan have signed a Memorandum of Cooperation in the field of energy.

The memorandum between Montenegro’s Ministry of Energy and Mining and Japan’s Ministry of Economy, Trade and Industry (METI) was signed in Tokyo by the respective ministers, Admir Sahmanovic and Ryosei Akazawa.

“The memorandum was signed during a bilateral meeting between the ministerial delegations of Montenegro and Japan, held on the sidelines of the LNG Producer-Consumer Conference (LNGPCC),” the Ministry said in a press release.

In addition to Sahmanovic, Montenegro’s delegation included Director General of the Directorate for Oil and Gas Zorana Sekulic.

The memorandum provides a new institutional framework for strengthening the energy partnership between the two countries, with a focus on energy security, sustainable development, de-carbonization, the energy transition and the development of energy infrastructure.

The document envisages enhanced cooperation between government institutions, research and financial institutions, and the private sectors of Montenegro and Japan, creating opportunities for concrete technological, institutional and investment cooperation.