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Echo Energy PLC extends gas sales contracts in Argentina at big premium


The extended contract is for combined net sales volume of 5.6mln cubic feet per of gas day

() said it has agreed extensions to sales contracts with two key gas customers in Argentina until December 17 at a significant premium to the current spot price.

The extensions are for gas supplied from its Santa Cruz assets and based on a weighted average contracted gas sales price of US$4.37 per mmbtu (thermal unit).

Spot prices in Argentina currently are US$1.95 per mmbtu and have increased by 45% per cent since 20 May 2020.

The extended contract is for combined net sales volume of 5.6 MMscf/d (million cubic feet per of gas day).

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2020-06-29 07:36:00

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