BRIEF-Equinor CEO says European gas storage levels at lowest in 15 years

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

Source text: [ID:]

Further company coverage: EQNR.OL