LONDON, April 14 (Reuters) - British wholesale gas prices
were mixed on Wednesday morning with low wind power forecasts
lifting the within-day contract and expectations of strong
supplies of liquefied natural gas (LNG) sending the day-ahead
contract lower.
* The within-day contract was up 0.35 pence at
56.00
p/therm by 0855 GMT.
* The day-ahead contract was down 0.40 p at
55.50
p/therm.
* Traders said strong gas demand from power stations amid
weaker
output from wind farms buoyed the within-day contract but
expectations of strong supplies of LNG were weighing on other
contracts.
* Peak wind power generation is forecast at 1.9 gigawatts
(GW) on
Wednesday and 2.7 GW for Thursday, Elexon data showed.
* Twelve LNG tankers are currently scheduled to arrive in
Britain
before the end of April, with the Marvel Pelican on Wednesday
declaring Britain’s Isle of Grain as its destination.
* Analysts at Refinitiv said they had a sideways outlook for
prices.
* "Robust gas for power demand coupled with potential
further
curbed gas via SEGAL might support price today," the Refinitiv
analysts said in a daily research note.
* The North Sea SEGAL pipeline is expected to begin a
planned
outage on Thursday.
* "However, solid LNG sendout and flurry arrivals might
bring
bearish risk," the analysts said.
* Britain’s gas system was almost balanced with demand
forecast at
277.5 million cubic metres (mcm) and flows at 275.5 mcm/day,
National Grid data showed.
* The May contract was down 0.65 p at 49.10
p/therm.
* The day-ahead gas price at the Dutch TTF hub
was
down 0.14 euro at 20.28 euros per megawatt hour.
* The benchmark Dec-21 EU carbon contract was up
0.17
euro at 44.02 euros per tonne.
(Reporting By Susanna Twidale; editing by Carmel Crimmins)