UK GAS-Prices fall as Norway flows rise, domestic production steadies

LONDON, Aug 13 (Reuters) - British wholesale gas prices fell
on Friday morning due to oversupply as flows increased from
Norway and domestic production steadied.

* The weekend contract fell by 2.75 pence to
107.75
pence per therm by 0823 GMT.

* The September contract was 2.25 pence lower
at
111.00 p/therm.

* Norwegian flows have increasd and UK Continental Shelf
flows are
steady.

* Flows through the Langeled pipeline to Britain are at 49
million
cubic metres (mcm), despite maintenance at the Troll field. An
outage at the Gullfaks field has also been cancelled.

* Receipts at UKCS terminals are around 101 mcm and no
outages are
ongoing, Refinitiv Eikon data showed.

* The system was 21 million cubic metres (mcm)
over-supplied, with
demand forecast at 139 mcm and supply at 160 mcm/day, National
Grid data showed.

* UK wind power generation is expected to fall over the
weekend,
which could increase demand for gas from power plants.

* Peak wind generation is forecast at 10.9 gigawatts (GW) on
Friday and 9.3 GW the next day, out of total metered capacity of
around 20 GW, Elexon data showed.

* Consultancy Energy Aspects said in a research note that it
does
not expect the Nord Stream 2 pipeline to start first gas flows
until December due to some regulatory delay.

* "We now have first flows through NS2 starting in December,
although we see a risk that they will not begin until June 2022.
The physical completion of the line’s second leg still looks
likely to be achieved by the end of this month," the analysts
said.

* The month-ahead gas price at the Dutch TTF
hub was
0.48 euro lower at 45.10 euros per megawatt hour.

* The benchmark Dec-21 EU carbon contract was down
by
0.55 euro at 55.71 euros a tonne.

* The benchmark Dec-21 British carbon contract was
slow
to trade.
(Reporting by Nina Chestney)