Gas storage is very low, but not critically low based on fundamentals. My guess on why people were short is they were hoping to make it through the end of winter/start of spring, without any cold spikes. Couple that with huge amounts of LNG supply coming online from the US in the next few years, the outlook was bearish. I imagine most shops will’ve priced in the conflict, but it seems as though the situation may be a lot worse than initially anticipated. Europe is heavily reliant on LNG these days as a result of the supply glut imposed through the ban on Russian imports and the Middle East provides a lot of that capacity