Gerard Reid and Laurent Segalen saw the Weaponisation of Energy coming: two years ago in Oct 2021, we did Episode 60 called “the Natgaspocalypse”. That was 5 months before the invasion of Ukraine.
Two years into weaponizing energy, it is time to look back and assess. What were the immediate impacts of that crisis. How to evaluate the short-term responses (market, supply chain, government, behaviour, fuel choice). Did the Energy system show resilience, or have we just been lucky?
To make sense of all of this, we brought Andy Sommer on the show. Andy is head of Fundamental Analysis, Modelling & Meteorology at Axpo, a major Renewable Energy Producer and Trader. Andy is responsible for Axpo’s short and mid-term analysis of all global energy markets, from oil to gas and coal, all the way to European power and emission markets.
With Andy, we debate how did that shock impact the eternal debate Climate vs Security of Supply vs Affordability. And beyond the short-term consequences, what are the long-term impacts and the change of mindset that will give more emphasis on Energy Security.
Gerard (the Dove) and Laurent (the Hawk) come with different conclusions, but nevertheless agree on the path forward where Energy Security aligns with the Energy Transition.
An episode powered by Aquila Capital