UK GAS-Prices dip amid balanced system

LONDON, June 15 (Reuters) - British wholesale gas prices
dipped on Tuesday morning, correcting gains the previous day,
amid a balanced system.

* The day-ahead contract was 0.75 pence lower at
70.25
pence per therm by 0922 GMT.

* The within-day contract was down by 0.30
pence at
70.50 p/therm.

* The system was nearly balanced, with demand forecast at
118.7
million cubic metres (mcm) and supply at 119.2 mcm/day, National
Grid data showed.

* Flows through the Langeled pipeline and liquefied natural
gas
send-out were both flat.

* UK domestic production was 9 mcm higher than the previous
day at
64 mcm/day. An outage at Barrow North is expected to end today.

* Peak wind generation is forecast at 8.3 gigawatts (GW) on
Tuesday and 8 GW on Wednesday, out of total metered capacity of
around 18 GW, Elexon data showed.

* The Dutch July contract at the TTF hub inched
up bu
0.06 euro to 28.75 euros per megawatt hour.

* The benchmark Dec-21 EU carbon contract was down
1.37
euros at 51.53 euros a tonne.

* The UK Dec-21 carbon contract was 0.74 pounds
lower at
45.01 pounds per tonne.
(Reporting by Nina Chestney)