UK GAS-Prices rise on lower supplies, less wind

June 22 (Reuters) - British wholesale gas prices rose on
Tuesday morning as a drop in wind power raised demand for gas
and supplies from pipelines and liquefied natural gas remained
low.

* The day-ahead contract was 1.05 pence higher
at 76
p/therm by 0841 GMT.

* The July contract traded 0.30 pence higher at
73.30
p/therm.

* The latest weather forecast was warmer and less windy,
indicating a bigger call on gas power, while Asian gas prices
continued to rise, tightening the market for liquefied natural
gas (LNG), said a trader.

* Only one LNG tanker is currently headed to the UK.

* The system was slightly under-supplied by 5 million cubic
metres
(mcm), with demand forecast at 136 mcm and supply at 131
mcm/day, National Grid data showed.

* Peak wind generation is forecast at 5 gigawatts (GW) on
Tuesday
and 2.3 GW on Wednesday, out of total metered capacity of nearly
20 GW, Elexon data showed.

* Low wind output typically raises demand for gas from power
plants.

* Local distribution zone (LDZ) consumption will drop by 10
mcm/day on Wednesday, but gas-for-power demand should rise by 6
mcm/day, analysts at Refinitiv said.

* Pipeline flows from Britain and Norway were stable but at
low
volumes amid some maintenance extensions.

* The Dutch July contract at the TTF hub was
0.75
euro higher at 30.25 euros per megawatt hour - a level not seen
for a front-month contract since November 2008.

* Upcoming maintenance of the Yamal and Nord Stream
pipelines from
Russia, and limited transit bookings via Ukraine, added to the
bullish picture, analysts at Engie said in a report.

* The benchmark Dec-21 EU carbon contract was up
by 0.88
euros at 53.30 euros a tonne.

* The UK Dec-21 carbon contract rose by 0.35 pound
to
45.05 pounds a tonne.
(Reporting by Nora Buli in Oslo; editing by Nina Chestney)