LONDON, Oct 16 (Reuters) - British wholesale gas prices were
slightly higher on Friday morning due to low wind output and
oversupply.
* The day-ahead contract edged up by 0.10 pence
to
39.85 pence per therm by 0829 GMT.
* The November contract was 0.25 pence higher
at
40.25 pence per therm.
* Gas-for-power consumption should remain strong and stable
at 67
million cubic metres (mcm). However on Monday gas-for-power
demand is forecast to drop to 49 mcm due to stronger wind
output, Refinitiv gas analysts said.
* Peak wind generation is expected to be 2.5 gigawatts on
Friday
and 1.5 GW the next day, Elexon data shows. Low wind output
typically raises demand for gas from power plants.
* Slightly milder weather is forecast for next week and
there is
stronger liquefied natural gas send-out from Dragon.
* Exports to Britain from Norway are stable at 93 mcm.
* The gas system was around 5 million cubic metres (mcm)
over-supplied, with demand forecast at 251 mcm and flows at 256
mcm/day, National Grid data showed.
* After a Norway oil and gas worker strike ended last week,
and
flows have rebounded, there is still time for storage capacity
holders to make up injections, consultancy Energy Aspects said.
* "We expect total European stocks to finish October around
99.3
billion cubic metres," the analysts said.
* In the Dutch gas market, the November gas price at the TTF
hub was up 0.20 euro at 14.35 euros per megawatt hour.
* The benchmark Dec-20 EU carbon contract edged up
by
0.04 euro to 25.00 euros a tonne.
(Reporting by Nina Chestney)