RPT-U.S. firm Six One Commodities entering LNG; hires ex-Gazprom traders

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(Repeats story that ran on Wednesday evening, with no changes to text)

* Hiring in Q1 -CEO

* Six One’s management team includes ex-Noble staff

By Jessica Jaganathan

SINGAPORE, Jan 15 (Reuters) – U.S.-based firm Six One Commodities is entering the liquefied natural gas (LNG) market and will be appointing a team by end of first quarter, this year, the company’s chief executive told Reuters on Wednesday.

“I can confirm Six One Commodities is entering the LNG market. We will be opening an office and have a team joining (the firm) later in first quarter,” CEO Ben Sutton told Reuters via email.

He declined to identify who is joining the team but industry sources said three LNG traders who resigned from Russia’s Gazprom Marketing and Trading Singapore in late 2019 could be hired.

Six One Commodities is a natural gas and power trading firm founded in August, 2018 and headquartered in Stamford, Connecticut, according to the company website. Management staff include ex-executives from Noble.

Sutton was previously head of Noble Americas Gas & Power Corp until the sale of the business in 2017, according to the website.

Brian O’Hara, who was head of East U.S. Power for Noble Group, is head of trading at Six One Commodities, according to the website.

The company’s primary focus is on physical and financial commodity trading, traditional merchant activity and strategic investments, according to the website.

Commodities and natural resources investor Pinnacle Asset Management bought the North American natural gas wholesale trading business of commodities trader Sierentz Global Merchants in late 2018. The new business was then known as Six One Commodities. (Reporting by Jessica Jaganathan; editing by Jason Neely)