The Chief Financial Officer of Mitsui and Co, Keigo Matsubara (photo) has announced that final investment decision (FID) for the Mozambique LNG Project will be made by March 2016 later than was initially expected.

Matsubara had explained that negotiating with the Local Government takes time as verdicts on the FID was expected at the end of 2015.

 In fact, John Peffer, manager of Anadarko Mozambique, the operator of the LNG project, had recently stated that other partners on the project were about to submit a development plan. He added that the plan submitted would be subjected to government's approval, which in some cases can take up to nine months.

Partners on the project include Empresa Nacional de Hydrocarbonetos, Anadarko, Mitsui and Co, Bharat PetroResources, ONGC Videsh, Oil India and PTT Exploration and Production, LNG World News report.