MSNBC: Energy Security Redux – For Russia to be a Responsible Energy Market Player it Needs to be a “Bona Fide Stakeholder” in the Global Energy Security Equation

Mirtchev, A. (2009, January 17). Energy Security Redux – For Russia to be a Responsible Energy Market Player it Needs to be a “Bona Fide Stakeholder” in the Global Energy Security EquationMSNBC.

msnbcDr. Alexander Mirtchev assesses the new paradigm of global energy security, symbolized by the Russia-Ukraine gas dispute and its implications for EU foreign and energy policies. The issues of energy independence, interdependence and resilience that underpin energy security have not changed dramatically, but have achieved a more prominent imprint on global security due to the changing geopolitical and geo-economic balances in the twenty first century. Mirtchev argues that, to a large extent, these policies need to integrate the views of suppliers such as Russia in order to achieve more sustainable energy equilibrium. Taking into account the fact that Russia is unlikely to give up energy as a competitive advantage and it is not afraid to demonstrate this advantage to achieve its desired outcomes, consistent engagement is not only necessary but imperative. Ameliorating the situation would also require making Russia a stakeholder in energy security discussions, as well as curtailing the role of “vested interests” and increasing the transparency and accountability of the process