EUROPE GAS-Prices fall as Russian gas flows resume into Germany

Nov 9 (Reuters) - British and European wholesale gas prices
fell on Tuesday morning as Russian gas flows to Europe resumed.

* The British contract for next day delivery
fell 0.25
pence to 1.85 pounds per therm by 0945 GMT, while the December
contract fell 6.90 pence to 1.96 pounds/therm.

* The Dutch day-ahead contract was down 1.45
euros at
75.68 euros/megawatt hour.

* The Dutch December contract was down 1.6
euros at
76.75 euros/MWh.

* Gas flows on the Yamal-Europe pipeline from Russia to
Germany
rose to their highest level in almost two weeks, data on German
transmission company Gascade's website showed, a day after the
halt in exports spiked the prices in Europe.

* Flows into Germany at the Mallnow metering point, which
lies on
the Polish border, resumed late on Monday and reached around 9
million kilowatt hours (kWh) on Tuesday, the highest level since
Oct. 29.

* Increased gas flows into Germany cooled down the prices,
analysts said, while the unchanged weather forecast for the
remainder of this week also supported the downside sentiment.

* Norwegian gas flows to Britain, however, fell slightly due
to
maintenance at St. Fergus terminal, according to Refinitiv.

* Prices also came under pressures as Britain's gas system
was 9
million cubic metres (mcm) over-supplied on Tuesday, with supply
forecast at around 236 million cubic metres (mcm) and demand at
around 227 mcm, National Grid data showed.

* Peak wind power generation was forecast at around 9
gigawatts
(GW) on Tuesday, dropping to almost 7.6 GW on Wednesday, Elexon
data showed. Higher wind output typically reduces gas demand
from power plants.

* In other markets, the benchmark Dec-21 EU carbon
contract was down 0.24 euros at 60.39 euros a tonne.
(Reporting by Bozorgmehr Sharafedin, editing by Ed Osmond)

National Grid