UK GAS-Prices mostly fall on improved supply outlook

LONDON, July 20 (Reuters) - British wholesale gas prices
mostly fell on Tuesday morning with supply and demand fairly
balanced and as future supply fears eased with a booking of
capacity on the Ukraine-Russia pipeline for August.

* The day-ahead contract was down 1.80 pence at
88.00
p/therm by 0840 GMT.

* Britain's gas system was almost balanced, with demand
forecast
at 139.4 million cubic metres (mcm) with and flows at 136.1
mcm/day, National Grid data showed.

* Russian gas giant Gazprom booked additional
capacity
of 15 mcm per day for transit of its gas via Ukraine to Europe
in August, monthly auction results at an online booking platform
showed on Monday.

* This means it is likely more Russian gas will be available
in
Europe in August, putting downwards pressure on prices.

* “The news that could really see gas prices across the
curve shed
some risk premium is that the U.S. and Germany are due to
announce a deal in the coming days that ends a dispute over
Russia's Nord Stream 2 pipeline,” analysts at Refinitiv said in
a daily research note.

* The U.S. and Germany are expected to announce a deal
resolving
their longstanding dispute over the $11 billion pipeline in
coming days sources told Reuters on Monday.

* The August British gas contract fell 2.05 p
to
87.25 p/therm.

* The day-ahead gas price at the Dutch TTF hub
was
down 1.12 euro at 35.08 per megawatt hour.

* The benchmark Dec-21 EU carbon contract was down
0.03
euro at 52.38 euros per tonne.

* The benchmark Dec-21 British carbon contract was
down
0.55 pounds at 43.35 pounds per tonne.
(Reporting By Susanna Twidale; editing by Nina Chestney)