Current gas price in Europe not sustainable, Equinor VP says

OSLO - Current gas prices in Europe are not sustainable and are at risk of a reversal, said Oeystein Bergsvik, Equinor's vice president for commercial and portfolio in the company's Norwegian unit, on Thursday.

"I'm a bit worried by current price levels. Gas prices today amount to $500-$600 per barrel of oil equivalent and this is not sustainable, so there's risk of a reversal," Bergsvik told a conference at the Norwegian Petroleum Directorate.