Eni signs a Memorandum of Understanding on cooperation with Zhejiang Energy

first_img Eni signs a Memorandum of Understanding on cooperation with Zhejiang Energy. (Credit: Free-Photos from Pixabay.) Eni and Zhejiang Energy signed today a Memorandum of Understanding (MoU) on strategic cooperation in the energy sector.The MoU establishes a cooperation framework aimed at facilitating joint initiatives between Eni and Zhejiang Energy across the gas and LNG value chain in China and internationally. The MoU builds on the companies’ shared goal of promoting a reduction in emissions by favoring a switch from coal to gas in the production of electricity. The initiatives identified in the MoU range from developing long term LNG supply agreement to joint participation in gas/LNG projects.Using gas to produce electricity instead of coal reduces by as much as half the greenhouse gas emissions of a power plant, providing an immediate step forward in decarbonizing the sector.For Eni, the MoU represents a further step in the energy transition process. The company has recently launched a new strategy, which will lead the company to be carbon neutral by 2050, in all its operations, processes and products. In the long term, gas – which will be increasingly decarbonized – will represent more than 90% of Eni’s production.Eni has been present in China since 1984 and has recently established a new Representative Office in Beijing. Source: Company Press Release The agreement establishes a framework for the two companies to work together in the gas and LNG sector in China and abroadlast_img read more

Century 21 cancels franchise of London firm after twin fines

first_imgHome » News » Century 21 cancels franchise of London firm after twin fines previous nextRegulation & LawCentury 21 cancels franchise of London firm after twin finesOn Friday it was revealed that Century 21 Cameron Adams had been fined a combined £44,000 after two separate court verdicts.Nigel Lewis3rd February 202001,837 Views The UK head office of US franchised estate agency network Century 21 has taken the unusual decision to cancel the franchise with immediate effect of its East London representative.As The Negotiator reported on Friday, London firm Century 21 Cameron Adams has been fined a total of £44,000 by two separate courts for breaking multiple local regulations applied to the private rental market.This included a fine of £16,000 and costs of £3,000 for failing to close down an illegal gambling and drinking den being operated from a rented property in Leyton, and a separate £25,000 fine for a poorly-managed HMO property that council officers found to be lacking working smoke detectors and with sewage swilling around the garden.Serious offences“Century 21 UK has been made aware that the Cameron Adams franchisee has been fined in relation to serious property management offences,” a Century 21 spokesperson told The Negotiator.co.uk.“As the UK franchisor of the global Century 21 brand, the business takes a zero tolerance approach to franchisees that fail to comply with the law or fail to uphold the high standards of service that customers expect from Century 21.“Century 21 UK has therefore terminated the Franchise Agreement for Cameron Adams with immediate effect.”The company behind the franchise was incorporated in September 2010 and  in 2012 it faced being struck off the Companies House register but this was later revoked.It has been trading continuously since then and published its latest accounts for 2019 on December 23rd. The company has two directors including Hasan Younis, who owns the property in Leyton where the gambling den was located. Century 21 February 3, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more