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Mr. Stunell: To ask the Secretary of State for Trade and Industry what the total (a) direct and (b) indirect Government support for the energy sector, including oil and gas production, was in each year since 1990. 
Mr. Wilson [holding answer 28 November 2001]: I refer the hon. Member to the reply I gave to him on 16 November 2001, Official Report, columns 91819W. Direct support for oil and gas production is set out in the table.
Since 1998 the Government have also worked with the oil and gas industry through the Oil and Gas Industry Task Force, now PILOT, to identify and deliver the measures necessary to ensure continued profitable activity on the UK Continental Shelf. The industry has made clear to me that they see PILOT as playing a crucial role in getting investment back to 1998 levels. Capital expenditure on UKCS projects was near £3 billion in 2000 and looks set to be substantially higher this year, and oil and gas production remains at peak levels of 4 million barrels of oil equivalent per day.
|Financial year||£ million|
(22) To date
|Financial year||£ million|
17 Dec 2001 : Column: 102W
Mr. McLoughlin: To ask the Secretary of State for Trade and Industry when she will reply to the letter of 22 October from the hon. Member for West Derbyshire on Harrington Generators International. 
Ms Hewitt: The matters raised were the responsibility of the Ministry of Defence and my noble Friend the Parliamentary Under-Secretary of State responsible for procurement has written to the hon. Member.
Ms Hewitt: I am currently considering the criteria to be applied for the appointment of three non-executive members of the Strategy Board. I expect to make the appointments before 1 April 2002, and will announce them when they are made. We will be adopting an open and transparent procedure for making these appointments and I shall be making an announcement on this procedure in due course.
Mr. Whittingdale: To ask the Secretary of State for Trade and Industry what the savings have been resulting from hedging the cost of interest make-up on fixed rate export finance loans offered by the Export Credits Guarantee Department in each of the last 20 years. 
ECGD began hedging its exposure 15 years ago, using interest rate swaps. During the previous five years, the total net cost of FREF interest support, without hedging, was £2,189 million. Over the following 15 years, up to and including 200001, the total net cost of support was £1,703 million, within which the net cost of interest rate swaps was £319 million. The yearly breakdown of net swap costs over the period was as follows:
17 Dec 2001 : Column: 103W
Matthew Taylor: To ask the Secretary of State for Trade and Industry what assessment she has made of the reasons for which the annually managed expenditure of the Export Credit Guarantees Department has risen. 
Ms Hewitt: Annually managed expenditure (AME) for the Export Credits Guarantee Department has risen due to the extra cost needed to unwind interest rate swaps. These swaps were used to hedge interest make up (IMU) costs on fixed rate export finance loans and commitments being guaranteed by ECGD. These loans are now being refinanced using direct funding from HM Treasury, as this produces greater value for money in terms of cost and hedging uncertainty. AME estimates have risen as the cost of unwinding swaps in the financial markets has increased since the AME forecast figures were last published at the time of the Budget 2001.
Mr. Todd: To ask the Secretary of State for Trade and Industry what recent assessment she has made of the impact of the processes of and terms offered by the Export Credits Guarantee Department on the competitiveness of UK aviation exports. 
Officials at ECGD together with those from its European partners, Hermes (Germany) and Coface (France) have been reviewing their products which are applicable to this agreement and intend to announce new products by 30 March 2002.
This review and product development has been carried out in consultation with the major manufacturers and they are broadly happy with progress to date. These products as a package are intended to match those provided to Boeing by the US authorities.
Together, the three Export Credit Agencies which provide support to Airbus and Rolls Royce continue to match the needs for support placed on them by these manufacturers especially since September 11 this year.
Tom Brake: To ask the Secretary of State for Trade and Industry (1) what power projects planned in (a) the Philippines and (b) Thailand, the Export Credits Guarantee Department has agreed to support; and which UK companies are involved; 
17 Dec 2001 : Column: 104W
|Year/description||UK investor||Insured amount ($ million)|
|Overseas Investment Insurance for San Lorenzo Project: 500 MW gas fired combined cycle power station||British Gas (BG Group plc)||122|
|Year/description||Exporter||Contract value (£ million)|
|Mini Hydros for Provincial Electricity Authority||Balfour Beatty||9|
|Pluak Daeng substation for the Electricity Generating Authority||Va Tech Reyrolle||7|
|Proportion of UK gross inland energy consumption from CHP||Proportion of electricity supplied (gross) by all UK generating companies provided by CHP|
Digest of United Kingdom Energy Statistics 2001 Tables 6A (and corresponding tables in earlier Digests), 1.11 and 5.12
17 Dec 2001 : Column: 105W
higher power to heat ratio have increasingly displaced steam turbines (with lower power to heat ratios) as the main prime movers in CHP plant.
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