2025 is set to be a year of continuing geopolitical turmoil. Donald Trump’s return to the White House will raise the temperature further at a time of major instability in the Middle East along with Russia-Ukraine.

Questions remain over where Europe’s gas will come from and a key European power-player, Germany, faces fresh elections in February.

In this episode, we delve into the latest geopolitical developments, as well as the key fundamental drivers, and assess their likely impacts, with Wayne Bryan, Principal Associate at the London Stock Exchange Group (and formerly Director of LSEG’s European Gas Research).

Host: Richard Sverrisson - Editor-in-Chief, Montel

Guests: Wayne Bryan, Principal Associate (formerly Director, European Gas Research), London Stock Exchange Group; Andres Cala – Senior LNG Correspondent, Montel

Poland’s energy sector is undergoing a critical, if slow, transition after the election of Donald Tusk as prime minister exactly one year ago. Coal still dominates the mix despite a greater use of gas and a growth in renewables. Grid modernisation and energy security have taken centre stage. 

Significant challenges include high energy costs, particularly for industry. There’s also the matter of where government subsidies could, and should, be spent. Issues around policy cohesion, public and industry engagement and regional impacts all persist.

In this episode, we delve into the latest developments shaping Poland’s energy landscape. Montel’s experts provide a snapshot of the latest news, and Joanna Pandera, founder of the Forum Energii think-tank in Poland, discusses the milestones, challenges, and what Poland’s energy transition means for Europe and beyond. 

Host: Richard Sverrisson, Editor-in-Chief, Montel

Guests: Joanna Pandera, Founder and CEO, Forum Energii, Professor at European University in Florence;  Hubert Put, Senior Energy Consultant, Montel;Marcin Czekanski,Poland Correspondent, Montel

This week, the Tony Blair Institute for Global Change released a report declaring, “a new nuclear age is beginning,” arguing that nuclear power is critical in meeting global climate goals. But how is this renaissance different from earlier proclamations of an atomic revival?

In this episode, Richard talks with report co-author Tone Langengen about the case for a nuclear revival and the hurdles still in its way. Joining the discussion is nuclear expert Paul Dorfman, who questions whether nuclear can truly compete with renewables.

They cover the potential of small modular reactors (SMRs), the challenges of cost overruns, and whether nuclear and renewables can work together to create a resilient, low-carbon grid.

Host: Richard Sverrisson - Editor-in-Chief, Montel
Guests: Tone Langengen - Senior Policy Advisor, Climate & Energy Policy at the Tony Blair Institute For Global Change. Co-author of this report “A New Nuclear Age”; Dr Paul Dorfman - Visiting Fellow at the Science Policy Research Unit of the University of Sussex; Chris Eales – France Editor, Montel

In October, the Nordic power market introduced a new calculation method for cross-zonal capacity to improve Nordic grid utilisation. However, so-called flow-based market coupling, in place for almost a decade in continental Europe, has received a rocky reception in the north. Particularly amongst policy makers and small companies. 

So, what exactly is it, and why has it caused a furore in the Nordic region?

In this episode, Richard speaks to TenneT's flow-based expert Frank Boerman, to unpack exactly how the flow-based model works, and two of our Montel experts share insights on some of the challenges that the Nordic energy market has already faced under the new system.   

Host: Richard Sverrisson –  Editor-in-Chief, Montel

Guests: Frank Boerman – Process Specialist at TenneT; Olav Vilnes – Nordic Editor, Montel News; Priyanka Shinde – Nordic Market Expert, Montel News

Global leaders at COP29 were under a huge amount of pressure going into talks this week following the UN Secretary General public voicing his concerns over the state of negotiations.   

 Criticisms of this year’s talks and the huge scale event that COP has become in recent years begs the question: is COP too big, and does it need reforming? We also discuss Europe's carbon market, current drivers and the reasons why prices may continue to rise. 

 In this episode, Richard speaks to Trevor Sikorski from Energy Aspects and our Carbon Correspondent reports from COP29 in Baku. 

 Host: Richard Sverrisson – Editor-in-Chief, Montel

 Guests: Trevor Sikorski – Head of Natural Gas and Carbon Research at Energy Aspects.

At the start of November, the Swedish government announced that it was vetoing plans for 13 offshore wind farms in the Baltic Sea due to security concerns. The announcement was met with much criticism from developers and lobby groups who felt blindsided by the cancellations and concerned about what this decision suggests about Sweden’s future energy priorities.

In this episode, Richard speaks to WindEurope about their fears regarding Sweden’s decision and discusses the nuances of Sweden’s Ministry of Defence with Defence Consultant and former Swedish Army Lieutenant Colonel.

Host: Richard Sverrisson – Editor-in-Chief, Montel

Guests: Giles Dickson – CEO, WindEurope; Tobhias Wikstrom – CEO, Parachute Consulting; Anton Tigerstedt – Editor Sweden, Montel News

It has been a big week for global politics.

On the same day that the United States voted Donald Trump as their 47th President, the German coalition government broke down after a budget row over cutting energy costs to companies and financial support for Ukraine.

In this episode, Richard explores what this new US administration will mean for energy markets, and he speaks to one of our guests live from Munich about what the initial reaction to the news has been in Germany. Listen to a discussion on where this leaves the country – and the wider energy transition – as it enters a period of limbo until a new government is elected. 

Host: Richard Sverrisson - Editor-in-Chief, Montel

Guests: Nadia Martin Wiggen – Director, Svelland Capital; Tobias Federico – Managing Director of Energy Brainpool GmbH & Co. KG

This week, the UK Chancellor Rachel Reeves delivered her budget – the first from a Labour government in 14 years.

Whilst there were no big surprises for the energy sector, the budget still raised some interesting questions about the challenges in the UK when it comes to channeling private investment, and how effective the funding is going to be.

In this episode, Richard dissects what the announcements and fiscal decisions laid out by the Government will mean for energy businesses in the UK.

Host: Richard Sverrisson - Editor-in-Chief, Montel

Guests: Pranav Menon – Product Manager for GB Power Renewables, Aurora Energy Research; Johnny Gowdy – Director, Regen; Paul Buckworth – Montel Analytics 

It is over a year since Hamas attacked Israel, which triggered a wider conflict in the Middle East; the territory that produces around a third of the world’s oil. And much of its gas. 

Yet, despite the escalating military attacks and rising geopolitical tensions, the price of oil has not increased as significantly as some experts assumed, especially when compared to Russia’s invasion of Ukraine two years ago.

Why? In this episode, Richard speaks to geopolitics expert and co-founder of global data and intelligence firm, Energy Aspects, about what this tells us about the oil market, and what it suggests about our assumptions on the impact of geopolitical events vs the reality on the ground.   
 

Host: Richard Sverrisson - Editor-in-Chief, Montel
Guests: Richard Bronze – Co-Founder, Energy Aspects; Luke Roshan – Correspondent, Montel News

The last two years of the conflict in Ukraine, and the rise in malicious cyberattacks, has raised concerns security risks over Europe’s plans to be more self-sustainable in energy supply.

Now, as countries across Europe roll out their plans for further decarbonisation and electrification, the security of these plans has come into question, pushing the energy sector firmly onto NATO’s radar.  Is Europe’s energy market set up to deal with security threats?

In this episode, Richard speaks to two of the authors of a new report from Eurasia that puts the pressing issues of energy storage and grid compacity in Europe into a new – more urgent – context of security.

Host: Richard Sverrisson - Editor-in-Chief, Montel

Guests:Amund Vik – Senior Advisor to Eurasia Group and former Deputy Energy Minister in the Norwegian Ministry of Petroleum and Energy; Henning Gloystein – Head for Energy, Climate, and Natural Resources at Eurasia Group; Laurence Walker – Deputy Editor-in-Chief, Montel News