General – Partnership
BASF and Equinor have signed a long-term strategic agreement for the annual delivery of up to 23 terawatt hours (around 2bcm) of natural gas over ten years.
The contract secures a substantial share of BASF’s natural gas needs in Europe. Deliveries will start on October 1st, 2025.
This agreement further strengthens our partnership with BASF. Natural gas not only provides energy security to Europe but also serves as a critical feedstock for European industries. I am very pleased that our gas also supports BASF’s efforts to lower their carbon footprint. Gas from Norway has the lowest emissions from production and transportation,” says Anders Opedal, President and Chief Executive Officer of Equinor.
BASF uses natural gas both as an energy source and as a raw material in the production of key basic chemicals. This agreement supports the company’s strategy to diversify its energy and raw materials portfolio. The gas is sold on market terms.
