Plans to end gazumping with binding agreements in house sales shake-up

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Plans to end gazumping with binding agreements in house sales shake-up 1 day ago Share Save Add as preferred on Google Rachel Clun, Business reporter and Kevin Peachey, Cost of living correspondent Getty Images Home buyers and sellers can expect an end to "gazumping" in a major shake-up aimed at speeding up housing sales. Legally binding sales agreements will be introduced earlier to stop buyers or sellers walking away at a late stage in the process without a legitimate reason. In England and Wales, buyers can currently be outbid at a late stage of the sale and chains can fall apart months into the process, causing huge frustration for buyers as well as being expensive. Previous attempts to improve the system have had limited success and few of the latest proposed changes will happen immediately. The planned reforms, first announced in October last year , will be introduced at the end of this Parliament in 2029. The changes include home buyers receiving more information abou...
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Turkey Signed an LNG Delivery Agreement with TotalEnergies






Turkey Signed an LNG Delivery Agreement with TotalEnergies

Turkey has signed a "long-term" agreement with the French group TotalEnergies for the delivery of liquefied natural gas (LNG) over ten years starting in 2027, Turkish Energy Minister Alparslan Bayraktar announced on Wednesday, September 18.

"We have signed a long-term LNG agreement between our national company Botas and TotalEnergies," the minister said on the social network X.

"With this agreement, which will be valid for 10 years starting in 2027," he explained, "sixteen LNG shipments amounting to approximately 1.6 billion cubic meters will be delivered annually."

"Our long-term LNG agreements are of great importance to ensure the security of energy supply for our country and our region, increase the diversity of our resources, and provide flexibility in our energy supply," the minister emphasized.

Turkey imports the majority of its gas consumption from Russia, as well as from Qatar and Azerbaijan.

Liquefied natural gas (LNG) is considered a clean and low-pollution energy source, particularly used in transportation.

Source:AFP


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