EUROPE GAS-Prices extend losses as Russia steps up gas flows

Nov 10 (Reuters) - British and European wholesale gas prices
fell for a second day as flows of Russian gas via Ukraine and
Belarus into Europe continued to rise, easing supply fears for
the winter.

* The British contract for next day delivery
fell 7
pence to 1.62 pounds per therm by 1000 GMT.

* The December contract was down 12.68 pence at
1.745
pounds/therm.

* The Dutch day-ahead contract was down 4.70
euros at
66.30 euros/megawatt hour.

* The benchmark Dutch front-month contract was
down
2.20 euros at 67.80 euros/MWh.

* Prices eased on Wednesday due to higher flows of Russian
gas
into Europe as well as milder weather forecasts for the next 15
days, market observers said.

* Gas flows on the Yamal-Europe pipeline, which delivers
Russian
gas to Germany via Belarus and Poland, rose to 299 gigawatt
hours (GWh) per day at the German border point of Mallnow on
Wednesday morning, up from around 215 GWh/day seen on Tuesday,
Refinitiv Eikon data showed.

* At Velke Kapusany on the Slovak-Ukraine borders, flows
rose to
1,004 GWh/day, from 926 GWh/day and much above sub-800 GWh/day
seen in previous months, Refinitiv analysts said.

* Gazprom booked an additional 19.2 million cubic metres
(mcm)per
day of capacity for today, the analysts said.

* "Yesterday additional 10mcm/d flows via Velke Kapusany
came from
Russia," they added.

* While the additional flows might support the hope that
Russia
delivers on its promise to lift injections into its European
storage sites, the market will be closely watching December
capacity booking auctions scheduled for 15 November, Refinitiv's
analysts added.

* In other markets, the benchmark Dec-21 EU carbon
contract was down 0.01 euros at 60.40 euros a tonne.
(Reporting by Nora Buli, editing by Susanna Twidale)

National Grid