U.S. companies eye LNG exports to Europe via Montenegro's Bar port
U.S. companies have expressed interest in the export of liquefied natural gas (LNG) to Europe through Montenegro's Bar port, Montenegro's economy minister Dragica Sekulic said on Monday.
"Negotiations have begun between U.S. and Montenegrin companies on the potential cooperation in the field of storage and distribution of natural gas from the United States," Sekulic said in a video file posted on the website of Montenegrin public broadcaster RTCG.
Aluminium smelter KAP has already started using LNG, which has led to a significant reduction of particulate matter emissions, while steel mill Toscelik Niksic is working on replacing fuel oil with LNG, Sekulic also said.
Using the port of Bar for the transhipment and storage of LNG would have positive effects on the development of the country's infrastructure and industry, she added.
Earlier this month, the executive director of port operator Luka Bar, Vladan Vucelic, said the company is considering building an LNG terminal to handle imports of U.S. liquefied natural gas into Europe. Luka Bar may invest in the implementation of the project alone, or through some form of partnership, he noted.