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It is imperative in this fast - paced world to have an age n da filled with pro jects that can be sustainable over time and during difficult period s such as an economic or polit i cal crisis. Especially for the Black Sea region , economic sustainability has been a challenge due to the lack of stable and democratic regimes and the numerous unr esolved conflicts . Exclusive Economic zone has been a newly in troduced term and thus not so widely discussed ou t side of the “high politics salons” but for the case of Russia and its neighbors it seems to be a vital issue . The Black Sea region is representing one part of the world where the poor countries and the know n as BRICS are trying to keep in balance with the economic leaders or global hegemons of the western part of the world . For this reason, both parts have been reco gnizing the importance of controlling the “gas roads”. Studying the Black Sea region from its glorious and imperial ancient times until today’s modern and a dvanced policies, the present thesis aims to challenge the notion of sustainability and how diplomacy of energy could reassure a prosperous national economy for the states and a quality of life for its peoples. At this point, I would like to thank the Professor and Vice President of IHU, Mr. N. Mousiopoulos for supervising the present paper and providing to this study his academic experience and useful advices. Also, I would like to thank the aca demic staff of the School for their excellent presence and assistance during this interesting journey. Finally, I would like to mention my classmates, whose friendship I will always cherish