BASF and Equinor confirm strategic partnership and sign ten-year natural gas supply agreement

Equinor will supply up to 23 terawatt hours of natural gas (around 2 billion cubic meters) annually to BASF.

BASF and Equinor have signed a long-term strategic agreement for the annual delivery of up to 23 terawatt hours of natural gas over a ten-year period. 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 critical feedstock to European industries. I am very happy that our gas also supports BASF’s efforts to reduce their carbon footprint. Gas from Norway comes with the lowest emissions from production and transportation”, says Anders Opedal, president and chief executive officer, Equinor.

Natural gas is a key feedstock for European industries, especially in the production of chemicals and fertilisers. BASF uses natural gas both as an energy source and as a raw material in the production of basic chemicals. This long-term partnership will support the company’s strategy to diversify its energy and raw materials portfolio. The gas is sold on market terms.

"We are very happy to enter into this long-term partnership with Equinor for the reliable supply of low-carbon natural gas for BASF’s operations in Europe. Equinor is a trusted and valued partner. The supply agreement not only comes with competitive terms but also supports our sustainability targets", says Dirk Elvermann, Chief Financial Officer and Chief Digital Officer, BASF SE.

BASF develops a broad portfolio of solutions that are essential components in the manufacturing of everyday consumer goods, such as car interiors, sportswear, personal care items, and agricultural solutions. Equinor has been supplying gas and liquids to BASF for several years.

Dirk Elvermann, CFO and CDO of BASF, and Anders Opedal, President and CEO of Equinor.

About BASF

BASF is a company that creates chemistry for a sustainable future. Its ambition is to be the preferred chemical company to enable its customers’ green transformation. BASF combines economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of its customers across nearly all sectors and in almost every country in the world. BASF’s core businesses include the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care, while its standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. In 2024, BASF generated sales of €65.3 billion. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information is available at www.basf.com.

Media contacts:

BASF

Corporate Media Relations
Daniela Rechenberger
Phone: +49 621 60-41040
Email: daniela.rechenberger@basf.com

Communications Global Procurement
Dagmar Lonien
Phone: +49 172 7437249
Email: dagmar.lonien@basf.com

Equinor

Press Spokesperson
Gisle Ledel Johannessen
Phone: +47 95724487
Email: gijoh@equinor.com

BASF and Equinor confirm strategic partnership and sign ten-year natural gas supply agreement

Media contacts:

BASF

Equinor

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