Global natural gas prices were mixed on Monday, picking up where they left off last week, but the outlook remains strong as bullish market fundamentals in Europe, Asia and South America remain largely unchanged.

The front-month National Balancing Point and Title Transfer Facility contracts in Europe traded sideways last week, but they remained stable around $9/MMBtu. Rising temperatures on the continent cut demand and a jump in pipeline imports weighed on spot prices, according to Engie EnergyScan. 

Meanwhile, a drop in European carbon prices Friday didn’t drag down the near-term curve and futures prices climbed higher Monday amid maintenance outages at supply fields and regasification terminals in Norway, the UK and France. Just three liquefied natural gas (LNG) cargoes are...