Japan's Mitsui & Co Ltd will make a final investment decision (FID) on a liquefied natural gas (LNG) project off the coast of Mozambique by the end of March, its chief financial officer, Keigo Matsubara, said on Nov. 6.

The FID was initially expected by the end of this year.

The negotiations with the local government on various conditions are taking time, Matsubara said.

He also said the trading company has not changed its view that a slump in iron ore prices may continue through 2019 but the market will recover after consolidations of high-cost mines.