Wall Street Billionaire Bets on Putin’s Last Gas Pipeline

Paul Singer’s Elliott Management is kicking the tires on a deal that would have been unthinkable just a few years ago: buying a stake in a pipeline that carries Russian natural gas into Europe. The pipeline in question is the Bulgarian extension of TurkStream—Russia’s last functioning gas artery to the continent. With the rest of its gas empire sanctioned, sabotaged, or politically radioactive, TurkStream is the Kremlin’s last straw clutched tightly in the hand of European demand. Now, Elliott is reportedly sniffing around…