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Singapore-based LNG Alliance in talks for energy investments in Montenegro - govt

Author Radomir Ralev
Singapore-based LNG Alliance in talks for energy investments in Montenegro - govt Source: Montenegro Government

PODGORICA (Montenegro), May 18 (SeeNews) - Montenegro's government is in talks with Singapore-based LNG Alliance for investments in the energy sector, it said on Wednesday.

During a meeting with capital investments minister Ervin Ibrahimovic in Podgorica, the vicepresident of LNG Alliance, Dhananjoy Kumar Das, said the company is interested in possible cooperation on some of the key projects in Montenegro's energy sector, the government said in a statement.

In December, Montenegro's majority state-owned power utility Elektroprivreda Crne Gore's (EPCG) [MNG:EPCG] said it plans to carry out a feasibility study for the construction of gas-fired power plants in Bar and Podgorica in cooperation with LNG Alliance.

The companies signed a memorandum of understanding (MoU) to conduct a detailed feasibility study as well as an Environmental and Social Impact Study to define an appropriate technical solution for the construction of gas-fired power plants in the two cities, EPCG said back then.

The fuel needed for the operation of both plants will be procured from a liquefied petroleum gas (LPG) terminal at Bar port, to be built by LNG Alliance, while several different options for the transport of the fuel will be considered, including the construction of a pipeline, EPCG said.

LNG Alliance is a service provider of fully integrated turnkey solutions from defining the concept, through project development and execution, to ownership of tangible assets and business for LPG and natural gas production.

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