New offtake contract at higher prices and with upfront payments. Echo has announced a new gas offtake contract, which will come into effect from May 2023 for 12 months. This will apply to the majority of gas production from the company’s Santa Cruz Sur assets, replacing the existing contract (which will run until April 2023). The new contract is on improved terms for Echo, with the gas price moving up from US$4.3/mcf to US$4.5/mcf, but more importantly an upfront payment of US$0.7m for Echo, whi ....
