UK GAS-Prompt up on price correction after sharp fall

LONDON, April 26 (Reuters) - British wholesale prompt gas
prices rose on Monday morning, correcting losses on Friday due
to expectations of higher Russian flows next month.

* The within-day contract was up 2.50 pence at
54.00
pence per therm by 0826 GMT.

* The day-ahead contract was 0.25 pence higher
at
54.00 p/therm.

* "There is some correction after Friday's fall (in
prices)," a
gas trader said.

* Prices fell sharply on Friday due to expectations of
higher
Russian deliveries in May.

* "Tomorrow, the market will be closely watching an auction
where
the Ukrainian transmission system operator will offer quite a
lot of interruptible capacity (63.7 mcm/d) for May at Sudzha
border point with Russia as if booked this may increase Russian
deliveries next month," said Refinitiv gas analysts.

* Wind power generation is expected to remain below normal
levels
tomorrow. Peak wind generation is forecast at 3.6 gigawatts (GW)
on Monday and 6.6 GW on Tuesday out of a total metered capacity
of around 18 GW, National Grid data showed.

* The latest forecasts shows slightly warmer weather, but
still
below seasonal normal temperatures, in Britain for the first
half of the week compared to Friday’s forecast, Refinitiv Eikon
data showed.

* UK Continental Shelf receipts are expected at 74 million
cubic
metres, 15 mcm down from Friday due to maintenance at Teesside
CATS which will continue until May 5.

* The system was over-supplied by around 22 mcm, with supply
forecast at 238 mcm and flows at 216 mcm/day, National Grid data
showed. This is due to strong withdrawals from storage and
liquefied natural gas send-out.

* The May gas price at the Dutch TTF hub was
0.62
euro higher at 20.27 euros per megawatt hour.

* The benchmark Dec-21 EU carbon contract was 0.48
euro
higher at 47.43 euros a tonne.
(Reporting by Nina Chestney)