- 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 supports BASF's strategy to diversify its energy and raw materials portfolio.
Agreement Details
BASF and Equinor have entered a strategic partnership for the supply of natural gas. Equinor will deliver up to 23 terawatt hours, approximately 2 billion cubic meters, of natural gas annually to BASF over a ten-year period. This contract secures a significant portion of BASF's natural gas requirements in Europe.
Timeline
The deliveries are scheduled to commence on October 1, 2025. This long-term agreement is designed to ensure a stable and reliable supply of natural gas for BASF's operations across Europe.
Strategic Importance
Natural gas is crucial for BASF, serving both as an energy source and a raw material in the production of essential chemicals. The agreement aligns with BASF's strategy to diversify its energy and raw materials portfolio, enhancing its operational resilience.
Environmental Considerations
Equinor's natural gas, sourced from Norway, is noted for having the lowest emissions from production and transportation. This supports BASF's efforts to reduce its carbon footprint, aligning with broader sustainability goals.
