UK GAS-Prices post fresh gains on Asian and carbon markets, maintenance

June 9 (Reuters) - British wholesale gas prices extended the
previous day's rally on Wednesday morning, still supported by
ongoing maintenance in Norway and bullish Asian gas and carbon
markets.

* The day-ahead contract was up 0.55 pence at
68.50
p/therm by 1034 GMT.

* Gas for delivery in July rose by 0.50 pence
to
68.50 p/therm.

* "I think the main drivers at the moment are the bullish
situation in Asia with JKM sharply rising,
high CO2, oil and coal," a trader said.

* The benchmark Asian spot gas price for imports of
liquefied
natural gas (LNG) was last assessed at $11.70 per metric million
British thermal unit (mmbtu), up from $10.98/mmbtu, the trader
said.

* The market was supported by continued restocking demand
from
end-users in northeast Asia, analysts at Refinitiv said in a
note.

* Higher prices in Asia impact deliveries of LNG to Europe,
where
storage levels are also low after a cold winter.

* European API 2 coal for July last closed at
$103.35
per tonne.

* The benchmark Dec-21 EU carbon contract was 1.61
euro
higher at 53.78 euros a tonne.

* The UK Dec-21 carbon contract rose 0.90 pounds
to
47.85 pounds per tonne.

* Meanwhile, total Norwegian exports were nominated at 147
million
cubic metres (mcm) per day on Wednesday, a 124 mcm decrease
compared to the previous day as a raft of planned maintenances
curb production, Refinitiv analyst Wayne Bryan said.

* Supplies to the UK system were around 7 mcm/day higher
than
demand on Wednesday morning, but over-supply has dwindled by 6
mcm compared to Tuesday, he added.

* Peak wind generation is forecast at 6.5 gigawatts (GW)
today and
10 GW on Thursday, out of total metered capacity of almost 20
GW, Elexon data showed.

* The Dutch gas contract for July delivery at the TTF hub
was 0.71 euro higher at 28.36 euros per megawatt
hour, an all-time high for a July contract.
(Reporting by Nora Buli; Editing by Toby Chopra)