Echelon Extends Kupe Gas Supply Agreement
Key points
- Echelon signs a three-year extension for Kupe gas supply agreement with Genesis Energy
- Agreement includes inflation-linked pricing escalation
- Deal supports local jobs and economic activity
- Echelon holds a 4% stake in the Kupe permit
Full summary
Echelon Resources Limited (ASX: ECH) has extended its gas supply agreement with Genesis Energy Limited for Kupe gas for an additional three years. The agreement includes pricing reflective of current market conditions, with inflation-linked escalation. Echelon's CEO, Andrew Jefferies, highlights the importance of this deal in supporting local jobs and economic activity while providing essential gas to the market.
Summary generated by a large language model. Please interpret with care.