Global natural gas prices fell last week on warmer temperatures and declining demand as winter nears an end.

Both April spot and futures prices in Asia slipped below the $6.00/MMBtu mark as buying in the region has fallen off. That helped push prices lower in Europe as more liquefied natural gas (LNG) supply has become available.

“European spot and near curve gas prices dropped again last week, still pressured by lower heating demand due to above-normal temperatures and expectations of higher LNG supply in Europe in the coming weeks as Asia LNG spot prices continued to ease,” said analysts at Engie EnergyScan in a note Monday.

Colder temperatures expected over the weekend helped lift prompt European prices Monday, while summer contracts were also seeing support Tuesday...