UPDATE 1-With tight supply, disruptions cause gas price spikes, Equinor says

The gas market is experiencing a situation of tight supply, which means any disruption will cause spikes in prices, a senior Equinor executive said on Wednesday. "This market is still very tight and very nervous," said Irene Rummelhoff, Equinor's head of marketing, midstream and processing, citing the strikes at Chevron's liquefied natural gas facilities in Australia as an example. The industrial action caused European gas prices to jump by a third even though the disruption was "small" in terms of quantity.