UK GAS-Prices slip as Norwegian flows rise
Sept 6 (Reuters) - British wholesale gas prices fell on Wednesday after a jump in pipeline flows from Norway left the transmission system heavily oversupplied. * Gas for immediate delivery had fallen 0.30 pence to 45.50 pence per therm by 0845 GMT. * Day-ahead gas declined 0.20 pence to 45.75 pence per therm. * The system was oversupplied by 12.8 million cubic metres (mcm/day), with demand at 156.4 mcm/day and supply estimated at 169.2 mcm/day, National Grid (LSE: NG.L - news) data showed. * Total (LSE: 524773.L - news) gas supply from Norway to Britain rose to 75 mcm/day from 58 mcm/day on Tuesday as Norway's Gullfaks field resumed production and some flows were re-routed from continental Europe to the United Kingdom. * Average temperatures on Wednesday were forecast to be about 13.1 degrees Celsius, up to 3.6 degrees below earlier predictions, according to meteorological data on Thomson Reuters. * The October gas contract was down 0.10 pence at 45.50 pence per therm. * The day-ahead gas price at the Dutch TTF hub fell 0.07 euros to 16.88 euros per megawatt hour (MWh). * The benchmark Dec (Shanghai: 600875.SS - news) -17 EU carbon contract rose 0.03 euro to 6.53 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 Oleg Vukmanovic in London; editing by David Clarke (Toronto: CKI.TO - news) )