The energy ministry plans to launch a new tender for awarding a concession contract for offshore oil and gas exploration by the end of 2024, Montenegrin media reported.
Keeping in mind the European green transition trend, the main goal of such a tender would be to raise the level of awareness of the hydrocarbon potential of Montenegro’s sea area, with a special focus on the identification of gas prospects,” the Vijesti quoted energy ministry officials as saying on Monday.
The officials said that the state hydrocarbons administration is currently working on preparing the launch of the tender.
Exploration activities are planned to be carried out at the blocks that were not included in the concession contracts with Eni-Novatek and Energean, the officials said, adding that they believe the ministry will publish a public call for exploration by the end of the year, seenews.com reports.
