LONDON, Nov 13 (Reuters) - British wholesale gas prices
edged up on Friday morning on forecasts for higher consumption
as temperatures are forecast to fall next week.
* Gas for day-ahead delivery inched up by 0.05
pence
to 37.05 pence per therm by 0955 GMT.
* The weekend contract was 0.40 pence higher at
36.75
p/therm.
* Slightly colder weather is expected over the coming week,
traders said.
* "Temperatures will remain quite high and above normal at
first
but could drop to near normal by the end of the week," said
Georg Muller, metereologist at Refinitiv.
* Consumption forecasts for the day-ahead and next week have
been
adjusted higher.
* "We expect gas demand restoring after (next week) and stay
above
seasonal normal until mid-December," Refinitiv analysts said.
* UK wind power generation is expected to remain strong
until
early next week. Strong output typically reduces demand for gas
from power plants.
* Peak wind generation is forecast at 13.6 gigawatts (GW) on
Friday and 13.8 GW the next day, out of total metered capacity
of around 18 GW, Elexon data showed.
* The system was over-supplied by 9 million cubic metres
(mcm)
with supply forecast at 214 mcm/day and demand at 205 mcm,
National Grid data showed.
* Total liquefied natural gas send-out is 3 mcm higher than
the
day before at 30 mcm/day.
* Norwegian imports through the Langeled and Vesterled
pipeline
are flat at 71 mcm and 2 mcm respectively, Refinitiv Eikon data
shows.
* The December contract was 0.65 pence higher
at
40.45 p/therm.
* In the Dutch gas market, the December TTF gas price
was up 0.20 euro at 14.30 euro per megawatt hour.
* The benchmark Dec-20 EU carbon contract was 0.48
euro
higher at 26.40 euros a tonne.
(Reporting by Nina Chestney)