British News Agency

Spajic said, “Italy’s annual electricity demand is twenty times greater than Montenegro’s annual production. Therefore, the fact that our electricity is considered as produced in Italy provides a major advantage.”

He noted that the newly signed energy memorandum of understanding represents a strategic turning point for Montenegro, as it will facilitate the country’s integration into the European energy market and create significant opportunities for investors.

“Thanks to this memorandum, trade volume will increase at least threefold, clearer price signals will emerge for new investments, and it will directly contribute to energy supply security,” Spajic added.