Russia continues to play an important role energy exporter to the EU. Research objective: to generalize and structure economic interestsof the European Union and Russia in power sphere, and to define priority directions of the international economic cooperationat corporate level. Research methods: economic-statistical; rather-analytical, the investment analysis. International cooperation inthe field of EU energy supply should not be limited mineral exports. It is advisable to involve Russian companies to finance andmanagement segment “downstream” in European countries, by contrast, Western European companies – to finance and managementsegment “upstream” in Russia. One tool exploration activities can be geological investment certificate.