UK GAS-Prices slip as LNG supplies, Norwegian imports rise
LONDON, Nov 13 (Reuters) - Prompt British wholesale gas prices fell on Wednesday morning as high imports from Norway and strong liquefied natural (LNG) gas send-out to the grid meant there was apple supply to meet strong demand.
* The day-ahead contract was down 0.35 pence at 38.65 pence per therm by 0931 GMT.
* The within-day contract was down 0.60 p at 38.40 p/therm.
* "There's comfortable supply, even with demand over 300 million cubic metres (mcm) a day and low wind power," said Wayne Bryan, senior European energy & commodity analyst at Alfa Energy.
* Britain's gas system was slightly oversupplied with demand forecast at 309.2 mcm and flows at 312.2 mcm/day, National Grid data showed.
* Imports from Norway through the Langeled pipeline were around 68 mcm, up around 6 mcm on the previous day.
* Meanwhile, send-out from the country's LNG terminals was nominated at 100 mcm/day on Wednesday, up 10 mcm from with the previous day, Refinitiv Eikon data showed.
* Five LNG tankers are scheduled to arrive in Britain over the next eight days.
* Further out on the curve, prices were dragged lower by a weaker energy complex.
* Oil prices dipped on Wednesday as prospects for a trade deal between the United States and China faded, weighing on the outlook for the global economy and energy demand.
* The December gas contract was down 0.60 p at 40.10 p/therm.
* The summer 2020 contract was down 0.53 p at 37.40 p/therm.
* Day-ahead gas price at the Dutch TTF hub down 0.25 euro at 14.75 euros per megawatt hour.
* Benchmark Dec-19 EU carbon contract up 0.14 euro at 24.26 euros per tonne. (Reporting By Susanna Twidale; editing by Nina Chestney)