Sakhalin Energy withdraws finance applications to US & UK ECAs

(Pacific Environment, San Francisco, 4 March 2008) Sakhalin Energy Investment Company, Ltd. (Sakhalin Energy) told Dow Jones that it is withdrawing applications for hundreds of millions of dollars in public financing for the crisis-plagued Sakhalin II project from the US Export Import Bank (Ex-Im Bank) and the UK Export Credit Guarantee Department (ECGD).