Brief: Equinor CEO says European gas storage levels at lowest in 15 years

Equinor ASA

02/11/2026 12:01

       Nov 2 (Reuters) - Equinor ASA  EQNR.OL :
    * EQUINOR CEO SAYS WE SEE INCREASING TREND AMONG CUSTOMERS
TO ENTER INTO LONG-TERM GAS CONTRACTS FROM NORWAY
    * EQUINOR CEO SAYS CONTRACTS FOR PIPELINE GAS HAVE GOT
LONGER, NOW AT 15 YEARS AND BEYOND
    * EQUINOR CEO SAYS EUROPE ENTERING WINTER SEASON MORE
VULNERABLE THAN NORMAL IN TERMS OF GAS STORAGE
    * EQUINOR CEO SAYS STORAGE LEVELS IN EUROPE AT LOWEST LEVEL
WE HAVE SEEN FOR LAST 15 YEARS 
    * EQUINOR CEO SAYS SHIPPING COST HAS RAPIDLY CHANGED,
EFFICIENT MARKET THAT WE WERE USED TO IS NOT THERE ANYMORE
    * EQUINOR CEO SAYS NATURAL GAS DEMAND FOR INDUSTRIAL USE IN
EUROPE IS 30% DOWN COMPARED TO FIVE-YEAR AVERAGE

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