Europe's natural gas prices have surged by 40% in three months despite high storage levels post the winter season, mainly due to supply concerns and increased LNG demand in Asia from heat waves. The slow refill of gas storages in Europe, the termination of Uniper's Russian gas contracts, and risks of supply disruptions from Russia and Norway are keeping prices elevated. The market is closely monitoring LNG outages and refilling progress for next winter, with Europe facing uncertainties over Russian gas supply and storage capacity constraints. As refilling remains sluggish, prices have risen above long-term averages, signaling concerns about potential overfilling and tighter supply conditions in the future.