BASF Agrees 15-Year Gas Supply Deal With China's ENN
04.05.2024 By Tank Terminals - NEWS

April 05, 2024 [Reuters]-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.

“Natural gas is a key fuel and feedstock for both the construction and operation stage of the Zhanjiang base,” Marko Murtonen, general manager of the Guangdong venture was cited as saying.

The 10-billion-euro ($10.8 billion) chemical complex, BASF’s third-largest globally once complete, is due to be fully operational by 2030.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Wood Bags Six-Year Contract on Shell’s Prelude Facility
07.12.2024 - NEWS
July 12, 2024 [Yahoo Finance]- Shell has awarded a six-year contract to engineering company Woo... Read More
Malaysia’s Bintulu LNG Plant to Get First Supplies from Jerun Gas Field
07.12.2024 - NEWS
July 12, 2024 [LNG Prime]- Malaysia’s giant Bintulu LNG plant, operated by Petronas, will soon ... Read More
Rubis Terminal Rebrands as Tepsa, Building on Legacy and Embracing Evolution
07.12.2024 - NEWS
July 12, 2024 [Storage Terminals Magazine]- Rubis Terminal is excited to announce a strategic reb... Read More
Adnoc Awards Abu Dhabi Airport Tank Farm Project
07.11.2024 - NEWS
July 11, 2024 [MEED]- Abu Dhabi National Oil Company (Adnoc) has awarded the main engineering, pr... Read More