Abu Dhabi:Montenegro's Minister of Energy and Mining, Admir Šahmanovic, has underscored the significance of ADIPEC 2026 as a pivotal global platform for enhancing international cooperation, attracting investment, and exchanging expertise. Šahmanovic highlighted Montenegro's keen interest in expanding energy partnerships with the UAE and benefiting from its expertise in renewable energy development.
According to Emirates News Agency, Šahmanovic, while speaking to the Emirates News Agency on the sidelines of ADIPEC 2026, emphasized that the event provides a valuable opportunity to discuss new projects, explore development prospects, and learn about the latest technologies and global trends in the energy sector.
Šahmanovic noted that Montenegro is in a critical phase of development, working to align its national legislation with European Union standards and aiming for integration into the European energy market, which consists of approximately half a billion people. He mentioned ongoing collaboration with Abu Dhabi Future Energy Company - Masdar, to develop renewable energy projects with a capacity of up to 2 gigawatts, offering investment opportunities for both countries.
The minister expressed Montenegro's interest in attracting more UAE investments, citing several meetings held during the exhibition to discuss cooperation opportunities and future projects, with hopes for tangible outcomes next year. He also highlighted Montenegro's strategic energy infrastructure, including an undersea electricity cable to Italy, facilitating electricity exports to the European Union.
Šahmanovic outlined Montenegro's ambition to transition from being an energy bridge to a regional energy hub, supplying renewable energy to European markets competitively. He identified this as a key area for UAE-Montenegro cooperation, emphasizing the need for diverse technologies and energy sources to address future challenges and ensure energy security. Additionally, he praised the UAE's comprehensive approach to energy issues, which includes artificial intelligence and considers global transformations and geopolitical trends.
