UK GAS-Prices shrug off oversupply to rise with the rest of the energy complex

LONDON, July 9 (Reuters) - Prompt British wholesale gas
prices rose on Friday morning, mirroring gains across the energy
complex, despite an over-supplied gas system.

* The day-ahead contract was up 6.30 pence at
90.50
p/therm by 0913 GMT.

* The weekend contract was up 8.50 p at 90.50
p/therm.

* “Gains on the gas market may be again partly explained by
bullish moves on carbon and oil,” analysts at Refinitiv said in
a daily research note.

* Britain’s gas system was over-supplied, with demand
forecast at
140.7 million cubic metres (mcm) and flows at 151.6 mcm/day,
National Grid data showed.

* Oil prices rose for a second day on Friday as data showed
a draw
in U.S. inventories.

* The benchmark Dec-21 EU carbon contract was up
1.50
euros at 53.85 euros per tonne.

* European gas prices have soared this summer amid a lack of
deliveries of liquefied natural gas and with gas stocks still
low traders said the market remains vulnerable to volatility.

* Just one LNG tanker is currently scheduled to arrive in
Britain
this month.

* The August British gas price rose 2.80 p to
86.00
p/therm.

* The day-ahead gas price at the Dutch TTF hub
was up
2.15 euros at 36.15 euros per megawatt hour.

* The benchmark Dec-21 British carbon contract
was up
1.30 pounds at 45.40 pounds per tonne.
(Reporting By Susanna Twidale; editing by Nina Chestney)