Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what the timeframe is for UK Export Finance to make a decision on whether to support the Category A Mozambique LNG project; and what (a) criteria and (b) methodology UK Export Finance will use to assess the potential direct and indirect (i) social, (ii) local environmental, (iii) climate risks (lifecycle emissions) and (iv) security risks associated with that project.

There is no set decision timeline for the Mozambique LNG project. UK Export Finance (UKEF), along with other finance parties, will assess timings at each relevant stage of the development of a transaction.

UKEF is committed to high standards of environmental, social and human rights (ESHR) risk management. It rigorously follows the requirements of the OECD Common Approaches and Equator Principles, which set the framework for managing such risks for export credit agencies and international financial institutions. It has a specialist ESHR team that reviews relevant projects prior to UKEF taking a decision. Supported projects are then monitored by the ESHR team throughout the lifetime of UKEF’s support to ensure compliance with these requirements.