Benchmark Dutch wholesale gas prices edged down on Monday morning as temperatures increased and stronger wind generation reduced demand for gas from power plants.
The benchmark Dutch front-month contract at the TTF hub (TFMBMc1) inched down by €0.35 to €44.75 per megawatt hour (MWh) by 0752 GMT, ICE data showed.
The market was still in a wait-and-see position regarding peace talks between the United States and Iran and the resumption of liquefied natural gas (LNG) cargoes through the Strait of Hormuz, traders said.
Mostly drier and warmer weather than normal is expected over the next 10 days but it could become more unsettled after mid-July, said Georg Muller, meteorologist at LSEG.
North-west Europe demand from power plants is forecast 74 gigawatt hours per day (GWh/d) lower for the day ahead at 1,755 GWh/d and at 1,488 GWh/d over the weekend due to higher wind generation, LSEG data showed.
Norwegian exports and LNG send-out are stable.
In the British market, the front-month contract (NGLNMc1) was down 1.28 pence at 106.36 pence per therm.
Wind output in Britain is forecast to fall this week which could increase demand from power plants.
Peak wind generation was expected to be 12.983 GW on Monday and 12.564 GW on Tuesday, Elexon data showed.
In the European carbon market, the benchmark contract ICEENDEX:ECF1! was down €0.37 to €80.23 a metric ton.