BASF signed a 15-year contract with ENN Energy to purchase natural gas for its Zhanjiang Verbund site recently. This is an important step further in the clean energy partnership.
As part of the agreement, ENN Energy will make investments in the construction of essential natural gas gate stations and pipelines to facilitate the delivery. [Image: BASF]
German chemicals giant BASF said on Friday it had agreed to buy natural gas from Chinese gas company ENN Energy Holdings under a 15-year supply contract. ENN will supply the fuel to BASF's integrated chemicals complex in Zhanjiang in Guangdong province, BASF said in a brief statement posted on its WeChat platform, without specifying the volume of the deal. Under the agreement, ENN will invest and build a gas pipeline to supply the BASF plant.
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