• $ 1.7
  • € 1.9741
  • ₽ 0.021739
  • ₺ 0.0429
  • £ 2.3146

U.S. fund eyes control over gas transit via Bulgaria

U.S. fund eyes control over gas transit via Bulgaria
15.05.2025 09:31

U.S.-based Elliott Investment Management is in talks to acquire a stake in Bulgartransgaz, Bulgaria’s state-owned gas transmission operator, in a move analysts say could reshape regional energy flows and provide indirect access to gas from Azerbaijan, Russia, and Central Asia via Turkey.

According to a source familiar with the talks, the potential deal would give Elliott partial control over infrastructure at the Malkoclar/Strandzha-2 entry point on the Turkish-Bulgarian border, Bulgaria’s only underground gas storage facility (Chiren), and internal distribution and transit to Central and Southeast Europe.

The fund is reportedly interested in the Turkish gas hub initiative, through which gas volumes from Azerbaijan, Turkmenistan, Russia, and other sources could reach Europe. Control over these routes could allow Elliott to influence the logistics of up to 20 bcm of Russian gas annually, as well as Caspian gas flows.

Elliott is already among the top shareholders of BP, a key partner in the Southern Gas Corridor. Other top BP investors include BlackRock, Morgan Stanley, and Goldman Sachs.

The move is seen as part of a broader geo-economic competition over control of Eastern Europe’s energy logistics. For Washington, it aligns with strategic efforts to reduce Europe’s dependency on Russian energy and strengthen the footprint of U.S. capital in EU energy infrastructure.

N.Tebrizli

Similar news
Similar news
Azerbaijan sets euro rate at 1.9944 manats
Business 11:28
Azerbaijan sets euro rate at 1.9944 manats
Azeri Light crude drops nearly $8 amid market selloff
Business 16:30
Azeri Light crude drops nearly $8 amid market selloff
Azerbaijan keeps manat steady against dollar
Business 13:00
Azerbaijan keeps manat steady against dollar
Gold dips below $3,330 per ounce
Business 10:00
Gold dips below $3,330 per ounce
European gas prices plunge 12% after Israel-Iran ceasefire
Business 16:30
European gas prices plunge 12% after Israel-Iran ceasefire
Azerbaijan’s Aliyev meets Italian minister to discuss energy, reconstruction projects
Business 16:00
Azerbaijan’s Aliyev meets Italian minister to discuss energy, reconstruction projects
Yelo Bank's summer campaign for micro businesses
Business 15:13
Yelo Bank's summer campaign for micro businesses
Azerbaijan’s financial ecosystem is built on digitalization and security
Business 15:00
Azerbaijan’s financial ecosystem is built on digitalization and security
Discover the world of investments with Birbank Invest – earn more!
Business 14:56
Discover the world of investments with Birbank Invest – earn more!
Anews TV

Our official Youtube channel

Subscribe