[en] In order to provide complementary means for measurement of water levels in pressurized vessels of nuclear reactors, the possibilities of an immersed torsional wave sensor are being looked into. It has already been modeled, considering an incompressible fluid. Yet, because the fluid can turn into a two-phase fluid, we have investigated how to extend the existing model. As a first step, we have taken into account the compressibility of the surrounding fluid. We focus on a cylindrical waveguide with an elliptic cross-section. Its transverse dimensions are small compared with its length and the wavelengths in the fluid. We start with the elasticity equations for the waveguide. Then, from the exact expression of the pressure exerted by the fluid on the waveguide boundary, a long wavelength approximation is obtained. We end by applying Hamilton's principle of energy conservation, which leads to an approximate equation governing the fluid-loaded waveguide motion, and to an expression of the apparent phase velocity of the torsional wave in the immersed waveguide. Finally, fluid level measurement is possible. Some simulations are made, highlighting the influence of the compressibility. (author)