From what I understand there was a lot of fear due to the conflict this summer. So Europe bought a ton of overseas liquefied natural gas and stocked up as much

From what I understand there was a lot of fear due to the conflict this summer. So Europe bought a ton of overseas liquefied natural gas and stocked up as much as possible. So much so there are tankers sitting in the ocean being used as temporary storage. However currently temperatures are moderate and demand is pretty low. There's optimism for a mild winter and users have done a good job of reducing demand. So at the moment there's a situation where Europe has too much gas in anticipation of future bad things which is driving a slump in prices. This will probably change.