Germany, July 18 -- 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 1st, 2025. 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. 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 ...