UK GAS-Prices gain on lower supply from Norway, stronger oil

March 15 (Reuters) - British wholesale gas prices rose on Wednesday morning, supported by lower supplies from Norway. * British day-ahead gas price gained 0.80 pence to 42.30 pence per therm at 1036 GMT. * Within-day contract rose by 0.80 pence to 42.30 p/therm. * One UK-based trader said prompt prices rose due to lower gas supplies from Norway, likely due to commercial reasons as there were no outages reported.

* Flows through the Vesterled pipeline from Norway fell to 4 million cubic metres (mcm) on Wednesday morning from 10 mcm from Tuesday, data from Norway's gas system operator Gassco showed. * Despite this, the UK gas system was oversupplied by around 13 mcm, with demand forecast at 242 mcm and flows at almost 255 mcm/day, according to National Grid (LSE: NG.L - news) data. * Gas exports from Britain to Belgium via the InterconnectorUK pipeline are expected to fall by 13 mcm on Wednesday from nearly 26 mcm on Tuesday, data showed. * Peak wind generation is expected to rise to almost 7,000 megawatts (MW) on Thursday from 4,000 MW on Wednesday, Elexon data shows. * April gas rose by 0.98 pence to 42.71 p/therm. * U.S. oil prices rose more than 2 percent, recovering from a three-month low after industry data showed a surprise drawdown in U.S. crude stockpiles. * April gas price at the Dutch TTF hub rose by 0.37 euro to 16.27 euros per MWh. * Benchmark Dec-17 EU carbon contract firmed by 0.05 euro to 5.16 euros a tonne. * Thomson Reuters (Dusseldorf: TOC.DU - news) analyst view: http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageid=united-kingdom-gas (Reporting by Lefteris Karagiannopoulos and Nerijus Adomaitis in Oslo; editing by Nina Chestney)