As energy is at the center of economic, social and political topics around the world and the Black Sea itself, the recommendation (rec. 68/2003) on Cooperation in the Field of Energy intended to provide a basis for improving coordination and cooperation among the BSEC states. The Black Sea region offers important cooperation possibilities in the field of alternative energy sources and the Assembly analyzed it in the Recommendation on Alternative Energy resources and their possible application in the Black Sea Region (rec. 91/2006). Being the second-largest source of fossil energy reserves after the Persian Gulf, the Caspian and Black Sea region has entered the new millennium facing new rapid developments in energy field that require cooperative attitude with new approaches in this direction. Oil and gas projects, which have changed the energy map of the region, encourage the member states to elaborate new mechanisms for establishing common energy strategies in the context of global energy security. Effective energy cooperation depends on the integration of energy markets, establishment of stable price policies and consistent realization of the current and future projects. In this regard, as it was stressed in the Reccomendation on “The Priorities of Cooperation between the BSEC Member States in the field of Energy: Oil and Gas spheres” (rec. 98/2007), the legislative framework should be improved, where the role of the PABSEC has a particular importance as the parliamentary dimension of the BSEC.