To ask the Secretary of State for Business, Enterprise and Regulatory Reform what his policy is on underwriting the Sakhalin II oil and gas development; when he expects to make a decision on underwriting exploration; and how much he expects to underwrite. (171220)

ECGD will apply its normal underwriting policy and its business principles to consideration of support for this project taking into account its Case Impact Assessment Process. See

www.ecgd.gov.uk

A decision on whether to support the project and on the amount of any such support will be made after ECGD has completed its financial, technical, environmental and other due diligence. This will take into consideration comments received on the project from other interested parties, including NGOs.