May 14 (Reuters) - Nordic forward power contracts rose on Thursday as drier and warmer weather forecasts for next week, coupled with multi-year-low water reserves for the hydropower-dependent region kept rates buoyed.

* The Nordic front-quarter baseload power contract NSBLQc1 rose 0.3 euros, or 0.5%, to 60 euros per megawatt hour (MWh) at 11:03 GMT.

* The Nordic front-year power contract NSBLYc1 gained 0.1 euros, or 0.1%, at 49.15 euros per MWh.

* "Next week will bring slowly sunnier and drier weather with above-normal temperatures. Precipitation will be scarce and largely below normal. The week after next will likely be also rather warm and only moderately active," said LSEG meteorologist Georg Mueller.

* Nordic water reserves PCAEC00 edged higher to 33.92 terawatt hours (TWh) below normal on Thursday, from 34.43 TWh below normal on Wednesday. Water reserves hit their lowest level since late July 2018 at 35.16 TWh below normal on Sunday.

* "Forecasts suggest low wind output, particularly next week, something which will keep prices at their current high levels," analysts at Mind Energy said in a note.

* "With a huge hydrological deficit, forecasts with little wind and bullish related markets, the uptrend on the Nordic futures curve could continue," they added.

* Benchmark Dutch and British wholesale gas prices dipped as markets awaited any positive signals from a meeting between U.S. President Donald Trump and Chinese President Xi Jinping on the U.S.-Israel war on Iran. NG/EU

* Germany's year-ahead power contract, Europe's benchmark, fell 0.05 euros, or 0.1%, to 91.45 euros/MWh.

* The European carbon market's benchmark contract CFI2Zc1 lost 0.19 euros, or 0.3%, at 74.88 euros a metric ton.