European natural gas prices have been declining for the past five days due to mild and windy weather conditions, which are helping to maintain gas inventories.

The recent passage of Storm Darragh in the UK has resulted in increased wind power generation, reducing the reliance on gas for electricity production. This shift in energy generation is contributing to the decrease in gas prices as the region benefits from favorable weather patterns.

As a result, benchmark futures saw a slight decrease on Monday following a 2.8% drop the previous week. The decrease in gas prices can be attributed to the favorable weather conditions and the increased use of wind power for electricity generation.