(Corrects name of new company to Sonaci DT Pte Ltd in para 2
GENEVA Feb 28 Angola's state oil firm Sonangol
has teamed up with a Trafigura joint venture DT Group to set up
a global LNG trading desk, Trafigura said in a statement on
The new company, Sonaci DT Pte Ltd., will market both
Angola's new LNG exports and cargoes sourced on the
international market, the statement said.
Sonaci DT Pte Ltd. will hire trading teams in Geneva and
Swiss-based Trafigura is one of the world's top
energy trading houses. Its subsidiary Puma Energy has a
significant presence in Angola through a joint venture with
Angola has delayed plans to begin exporting LNG because of
technical problems at its $10 billion plant.
It was initially due to begin exporting in the first quarter
of 2012 but pushed it back to the first quarter of this year.
(Reporting by Emma Farge; editing by William Hardy and Anthony