EUROPE GAS-Prices rise on more demand, Russian supply uncertainty

Oct 14 (Reuters) - British and Dutch wholesale gas prices
rose on Thursday with heating demand rising amid cooler weather
and due to ongoing uncertainty about the level of Russian supply
in the coming months.

* The British wholesale gas contract for day-ahead delivery
was up 18.05 pence at 236.55 pence per therm by 0936
GMT.

* The Dutch TTF day-ahead contract was up 5.00
euros
at 96.50 euros per megawatt hour (MWh).

* A ramp-up of 10 million cubic metres in local distribution
zone
demand, which mainly covers heating, and lower wind speeds were
bullish factors for Friday, analysts at Refinitiv said.

* "Extant winter storage concerns will also continue to
underpin
price and volatility," they added.

* Average temperatures in north-west Europe are forecast
remain
below normal levels over the remainder of the week, they added.

* The UK gas system was 2.3 million cubic metres (mcm)
under-supplied, National Grid data showed.

* Peak wind power generation is forecast to fall from 11.6
gigawatts (GW) on Thursday to 9.9 GW on Friday, Elexon data
showed.

* The November gas price at the Dutch TTF hub, a European
benchmark was up 3.25 euros at 97.50 euros/
megawatt hour (MWh).

* The December UK price was 13.50 pence higher
at
258.50 pence per therm.

* Prices rose on uncertainty over Russian supplies in the
coming
months, following comments from Russian President Vladimir Putin
on Wednesday that the country is prepared to send more gas to
Europe if asked to, analysts at Engie Energyscan said in a
morning report.

* Renewing the gas partnership between Russia and the EU
could
take time and may not resolve the short-term problem of low
storages and supply, they added.

* "Therefore, although profit taking by financial
participants can
still pull prices below their technical resistances, the risk
seems to be upward now, particularly as Asia coal prices
continued to rise today," they added.

* Meanwhile, Russian Deputy Prime Minister Alexander Novak
told a
forum on Thursday the country will prioritise gas supplies for
its home market.

* A trader also highlighted fresh UK supplier bankruptcies,
rising
margin calls in the financial gas markets and coal market
strength as bullish drivers.

* The benchmark Dec-21 EU carbon contract was up
0.84
euro at 59.91 euros per tonne.

* The benchmark Dec-21 British carbon contract was
up
0.52 pounds at 66.45 pounds/tonne.
(Reporting by Nora Buli in OSLO; editing by Nina Chestney)