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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 annually to BASF.  

July 18, 2025 - 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 a ten-year period. The contract secures a substantial share of BASF’s natural gas needs in Europe. Deliveries will start on October 1^st, 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.

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.

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

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

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.

About Equinor

Equinor is an international energy company committed to long-term value creation in a low-carbon future. Our purpose: Energy for people. Progress for society. Searching for better. We are headquartered in Norway with around 25,000 employees and with offices in more than 20 countries. We are the largest supplier of energy to Europe, and our portfolio encompasses oil and gas, renewables, and low-carbon solutions. Equinor is a world-leading offshore operator, and an international pioneer in renewables and low-carbon solutions. We aim to be a leading company in the energy transition and become a net-zero energy company by 2050.