European natural gas futures are rising for the second consecutive day as countries begin depleting already low stockpiles. Storage levels are significantly below the 15-year average, with Germany's sites critically low. This situation makes Europe more reliant on the international market, where it competes with Asian buyers. Dutch front-month futures have nearly tripled compared to last winter, straining industries and households. Mild October weather provided a temporary reprieve allowing for some additional stockpiling. However, forecasts indicate colder temperatures are expected next month as winter approaches. Europe's reliance on a potentially warmer winter due to El Niño conditions is a gamble. If colder weather hits, depleted inventories could lead to a severe energy crisis. Disruptions in the Strait of Hormuz also constrain vital LNG supplies. Experts warn that prices could surge dramatically if LNG exports are limited and winter demand increases.