Elliott Management considers stake in Russia's European gas pipeline

Elliott Management, a hedge fund led by Paul Singer, is considering acquiring a stake in the Bulgarian section of the TurkStream pipeline, Russia's remaining gas route to Europe. This potential investment, reported by the Wall Street Journal, would involve buying into the infrastructure of Bulgaria's state-owned gas operator, Bulgartransgaz. The move comes amid geopolitical tensions and sanctions against Russia's energy sector. Singer, a prominent Republican donor, is known for contrarian investments and pressuring governments. The deal could provide Bulgaria with funds and potentially shield the asset from future sanctions, while also benefiting Russia.