UK GAS-Prices rise on lower temperatures, outages, LNG send-out

LONDON, June 21 (Reuters) - British wholesale gas prices
rose on Monday morning amid temperatures forecast below the
seasonal norm, outages in Norway and low liquefied natual gas
send-out.

* Gas for immediate delivery rose by 2.60 pence
to
76.00 pence per therm by 0806 GMT.

* The day-ahead contract was 1.35 pence higher
at
76.00 p/therm.

* Weather forecasts have turned colder than previously,
liquefied
natural gas (LNG) send-out has fallen and there are unplanned
outages in Norway, traders said.

* The system is slightly under-supplied by 5 million cubic
metres
(mcm), with demand forecast at 134 mcm and supply at 129
mcm/day, National Grid data showed.

* Norwegian production was at 247 millon cubic metres (mcm),
compared to 260 mcm on Friday, due to unplanned outages at
Kårsto gas processing plant and Skarv gas field, Refinitiv Eikon
data showed.

* Average temperatures in Britain are below the seasonal
norm
until the middle of this week but should then start to rise
again.

* LNG sendout is nominated at 30 mcm, down from 45 mcm on
Friday.
Few tankers are scheduled to arrive in Britain due to
competition from Asia.

* "Summer LNG demand remains strong in Asia (led by China
and
South Korea) and Latin America," said analysts at consultancy
Energy Aspects.

* "Our balances continue to suggest that the need for spot
U.S.
cargoes heading to Asia will be between 25–30 cargoes during the
peak Northeast Asian cooling season in August," they said,
adding that Panama Canal congestion is unlikely.

* The Q3 UK gas price was 2.71 pence higher at
73.50
p/therm.

* The Dutch July contract at the TTF hub was
0.35
euro higher at 29.95 euros per megawatt hour.

* The benchmark Dec-21 EU carbon contract was flat
at
51.90 euros a tonne.

* The UK Dec-21 carbon contract inched up by 0.05
pound
to 44.45 pounds a tonne.
(Reporting by Nina Chestney)