EUROPE GAS-Price mixed as LNG flows help calm geopolitical concerns

London, Feb 9 (Reuters) - British and Dutch gas prices were
mixed on Wednesday as a strong flow of liquefied natural gas
(LNG) helped calm market concerns over tensions between Russia
and the West over Ukraine and the potential impact on gas
supply.

The British day-ahead gas price was up 5.00
pence at 183.00 pence per therm by 1046 GMT.

The Dutch day-ahead contract at the TTF hub was
up 0.75 euros at 76.45 euros per megawatt hour (MWh).

The benchmark Dutch contract for March rose by
0.97 euros to 76.60 euros/MWh.

"It is a bearish wait and see in the market, tensions are
keeping things around the 75 (euros) mark but the fact that no
one knows how this will evolve and that it sounds like it will
be a long standoff then its not too bullish ... and a strong
flow of LNG is kicking those down," a European gas trader said.

Gas flows via the Yamal-Europe pipeline, which usually
travel west from Russia to Europe, remained reversed and steady
on Wednesday, sending supply to Poland from Germany, data from
German network operator Gascade showed.

"Temperatures are forecast to hold above normal for the
remainder of the month and into March. Wind generation is also
projected to hold above normal from Friday until next month
which will curb power sector demand and help storages continue
to close the gap and get back into the five-year range,"
Refinitive gas analyst Wayne Bryan said in a report.

In other markets, the benchmark December 2022 carbon
contract was up by 0.53 euros at 97.46 euros per
tonne, getting closer to the 100 euros record mark.

"Strong EUA prices with the €100/ton target in sight could
keep the coal-to-gas switch in the upward direction," analysts
at Engie's EnergyScan said, adding this could act as a first
fundamental point of support for gas markets in the short term.
(Reporting by Marwa Rashad; Editing by David Evans)