Australia's Syrah Resources secures loan waiver amid Mozambique unrest - Reuters
Japan’s Mitsui FID on Mozambique LNG? “As soon as possible” – CFO
6:37 CAT | 11 May 2016
Japanese trading company Mitsui & Co is less optimistic on the outlook for iron ore and oil prices than before, as the Chinese economic recovery is taking longer than expected, its Chief Financial Officer Keigo Matsubara said on Tuesday.
He also declined to say when the Japanese trading house would make a final investment decision (FID) on a liquefied natural gas (LNG) project off the coast of Mozambique.
He said last November that the decision would be made by the end of March.
“We are working on various issues with an aim to make an FID as soon as possible,” he said at a news conference.
The Mozambique LNG partners are Empresa Nacional de Hidrocarbonetos, Anadarko, Mitsui & Co, Bharat PetroResources, ONGC Videsh, Oil India, and PTT Exploration & Production.
Source: Reuters / LNG World News
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