EUROPE GAS-European prices fall on warmer temperatures, US gas price drop

LONDON, Feb 3 (Reuters) - Benchmark British and Dutch wholesale gas prices fell on Tuesday morning as expectations of warmer temperatures curbed demand, and as the market followed plummeting prices in the U.S. where freezing temperatures eased.

The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 2.17 euros at 32.30 euros per megawatt hour, or $11.18 /mmBtu, by 0910 GMT, LSEG data showed.

The contract has now fallen more than 20% this week.

"The move seems to have been triggered by the easing of geopolitical risks and the strong downward correction in the U.S. gas market," analysts at Engie EnergyScan said in a daily research note.

U.S. natural gas futures fell 19% on Monday as forecasts indicated a big change in the weather to near-normal levels through mid-February, while production also rose as frozen gas wells thawed.

On Saturday U.S. President Donald Trump said Iran was "seriously talking" with Washington, signalling a de-escalation of tensions between the two countries and easing fears of possible conflict.

The Dutch April price TRNLTTFMc2 was down 1.21 euros at 30.56 euros/MWh.

The British day-ahead contract TRGBNBPD1 was down 6.63 pence at 81.75 p/therm.

"This morning we note once again milder forecasts. Not only day-ahead, but also next week's forecasts are significantly warmer," LSEG analyst Ulrich Weber said in a daily research note.

European gas supplies were also strong on Tuesday. Liquefied natural gas send-out from France's Fos Cavaou terminal was nominated at 50 gigawatt hours/day from zero the day before and is expected to rise to 150 GWh/d on Wednesday, LSEG data showed.

In the European carbon market, the benchmark contract CFI2Zc1 was up 0.50 euros at 83.78 euros a metric ton.