Europe has accelerated its purchases of liquefied natural gas to refill its storage caverns for the winter, and once again, this has driven prices higher, sapping demand in Asia. This could turn into a seasonal pattern until new LNG capacity comes online—and it will definitely add to Europe’s energy cost woes. Natural gas in storage in the European Union is currently at 58.90% of capacity. This time last year, gas in storage was at 75.5% of capacity, per S&P Platts data cited by Reuters’ Clyde Russell this week. It needs to…