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Pipelines: Sakhalin Island

Volume 461: debated on Monday 4 June 2007

To ask the Secretary of State for Trade and Industry when the consultation process on the Export Credits Guarantee Department's funding of the Sakhalin II oil and gas project will end. (139653)

ECGD is continuing to consider the provision of support for the Sakhalin II oil and gas project and the Department remains open to receive any comments. ECGD expects to invite comments from interested parties on the independent report on the environmental and social issues associated with the project whenever it is published. The Department will take into account the report, alongside any comments received, when the time comes to take its decision.

To ask the Secretary of State for Trade and Industry when he expects the Export Credits Guarantee Department to make a final decision on funding the British elements of the Sakhalin II oil and gas project. (139654)

ECGD has not received all the information it requires in order to start its decision making process on the provision of support for the Sakhalin II oil and gas project. No date exists for its decision.