If before there were often warnings about the energy crisis that Europe will face in the winter, the fact is that it now has so much supply, more than is known.
Weird but true.
This is the situation facing Europe at the moment which saw gas prices go negative at the beginning of the week.
Many had previously feared that Europe would face a tough winter after Russia cut its supplies in response to European sanctions over its invasion of Ukraine.
Now, gas storage facilities are almost full, tankers carrying liquefied natural gas (LNG) are 'stranded' in ports because they cannot unload their cargo causing prices to fall.
Benchmark European natural gas futures prices have fallen 20% since last Thursday and more than 70% since hitting record highs in late August.
On Monday, Dutch gas spot prices (which reflect current European market conditions) fell below €0, according to data from the Intercontinental Exchange.
This is a very surprising situation for Europe, where households and businesses have already been hit by a sharp price increase in one of its main sources of energy over the past year.
