Key Market Indicators
Montenegrin energy supply is projected to reach approximately 1.1 million tonnes of oil equivalent by 2028, marking a slight increase from around 1.1 million tonnes in 2023. This represents an average annual growth rate of 0.3%. Since 2010, Montenegro's energy supply has grown at an average rate of 0.8% per year. In 2023, the country was ranked 36th in the world for energy supply, with Jamaica narrowly ahead, also reporting around 1.1 million tonnes of oil equivalent. In the global rankings, France, Saudi Arabia, and the United Kingdom hold the second, third, and fourth positions, respectively.
