The analyses in this report started with the question: “Was the 2008 Russia-Georgia war an Energy war, or energy was an important, but only one of the reasons of this war?”. For the past decade before the war Georgia has been championed as a reliable country through which new pipelines, safely controlled by Western companies, could bypass both Russia and Iran. On the face of it, the war has made a mockery of that claim. But war ended with a few damages for the regions energy infrastructure and the new question arise – will the so-called “New Realities” in the region, whose recognition Russia is insistently demanding, help to ensure future Energy Security in the Black Sea and even wider region?