Elliott considers buying stake in Bulgarian TurkStream pipeline

An American hedge fund is in talks to acquire a stake in the Bulgarian section of the TurkStream pipeline, potentially impacting European energy infrastructure. Elliott Investment Management is negotiating to purchase a share in the pipeline and related infrastructure projects, according to The Wall Street Journal. The fund met with Bulgarian officials and signed a non-disclosure agreement with the state-owned gas operator, Bulgartransgaz, in April. The TurkStream pipeline is a key route for Russian gas to Europe. The potential investment could influence relations with the US and mitigate the risk of future sanctions for Bulgaria.