Key Market Indicators
Montenegro is projected to see its energy supply reach approximately 1.1 million tonnes of oil equivalent by 2028, marking a slight increase from around 1.09 million tonnes in 2023. This represents an average annual growth rate of 0.3%. Since 2010, Montenegro's energy supply has been growing at an average rate of 0.8% per year. In the rankings for 2023, Montenegro stood at the 36th position, with Jamaica surpassing it by also registering an energy supply of 1.09 million tonnes of oil equivalent. Leading the global rankings, France, Saudi Arabia, and the United Kingdom held the second, third, and fourth positions, respectively.
