The benchmark Dutch TTF contract for European natural-gas saw a minor rise of 0.2% in early trade, with prices settling at 46.36 euros per megawatt-hour. This rise comes after prices had fallen from their peak earlier in January.
The fall in prices was due to a combination of factors, including milder weather forecasts and less uncertainty surrounding the supply of liquefied natural gas (LNG) to Europe.
The decrease in prices was also influenced by the loss of some Russian gas volumes following the end of a transit deal with Ukraine and the reduction in gas inventories.