Europe and Russia have a historic opportunity and strong economic incentives to expand their energy security relationship.
To make the most of this relationship, the two sides must collaborate to control the risks that now put off billions of dollars in needed investment in the energy sector.
Both must accelerate their regulatory reforms, seek opportunities for cross-border projects, and facilitate a more transparent gas market.
Europe and Russia will find energy security only by following a collaborative approach to control the risks they both face.
