- Equinor will supply up to 23 terawatt hours of natural gas annually to BASF over ten years.
- Deliveries begin on October 1, 2025.
- The agreement secures a significant portion of BASF's natural gas needs in Europe.
Agreement Details
BASF and Equinor have entered a strategic agreement for the supply of up to 23 terawatt hours of natural gas annually over a ten-year period. This contract will cover a substantial portion of BASF's natural gas requirements in Europe.
Timeline
Deliveries under this agreement are scheduled to commence on October 1, 2025, ensuring a reliable supply of natural gas for BASF's European operations.
Strategic Importance
The agreement supports BASF's strategy to diversify its energy and raw materials portfolio. Natural gas is crucial for BASF, serving both as an energy source and a raw material in the production of essential chemicals.
Environmental Considerations
Equinor's natural gas, sourced from Norway, is noted for having low emissions from production and transportation, aligning with BASF's sustainability targets and efforts to reduce its carbon footprint.
