UK GAS-Prices fall amid rising temperatures, oversupply

LONDON, May 27 (Reuters) - British wholesale gas prices fell
on Thursday morning amid warmer weather and oversupply.

* The within-day contract fell by 5.80 pence to
66.00
pence per therm by 0947 GMT.

* The day-ahead contract was down 3.60 pence at
66.40
p/therm.

* Temperatures in Britain and north-west Europe are expected
to
rise over the coming week, reducing local distribution zone
consumption.

* Flows from Norway through the Langeled pipeline are at 67
million cubic metres (mcm), up from 51 mcm on Wednesday.

* This should offset lower liquefied natural gas send-out
and UK
domestic production, Refinitiv gas analysts said.

* Maintenance on the Forties pipeline is due to start today
but
most flows adjusted down a few days ahead of this.

* The system was 10 mcm over-supplied, with demand forecast
at 169
mcm and supply at 179 mcm/day, National Grid data showed.

* Wind output is low, which usually raises demand for gas
from
power plants.

* Peak wind generation is forecast at 2.2 gigawatts (GW) on
Thursday and 1.7 GW on Friday, Elexon data showed.

* The June contract was 1.75 pence lower at
63.70
p/therm.

* The Dutch gas contract for June was down 0.30
euro
at 25.60 euros per megawatt hour.

* The benchmark Dec-21 EU carbon contract was 0.80
euro
lower at 52.87 euros a tonne.

* The equivalent Dec-21 British carbon contract
was 0.60
pound lower at 50.50 pounds a tonne.
(Reporting by Nina Chestney)