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Equinor will supply up to 23 terawatt hours of natural gas (around 2 billion cubic meters) annually to BASF. 18 July 2025 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. 
Dirk Elvermann, CFO and CDO of BASF, and Anders Opedal, President and CEO of Equinor, at the signing of the ten-year natural gas supply agreement. Image by Equinor.
"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. 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. 
Dirk Elvermann, CFO and CDO of BASF, and Anders Opedal, President and CEO of Equinor.. Image by Equinor. Equinor - Press release 
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