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UK GAS-Within-day gas falls as warmer weather reduces demand

British gas for immediate delivery fell on Monday morning on warmer weather which has reduced demand.

* Within-day contract was 2.10 pence lower at 52.00 pence per therm at 0831 GMT

* Temperatures are forecast to become warmer this week and above the seasonal average

* Local distribution zone consumption for Monday is down 33 million cubic metres at 142 mcm and day-ahead consumption is down 13 mcm at 12 mcm, Thomson Reuters Eikon data shows

* The system was undersupplied on Monday which helped to lift the day-ahead price slightly, traders said

* Day-ahead gas was up 0.20 pence at 51.20 p/therm

* Demand is forecast at 225 million cubic metres (mcm) and flows at 206 mcm/day, leaving the system undersupplied by 19 mcm, National Grid data shows

* On the supply side, domestic production is estimated at 103 mcm due to maintenance at North Morecambe gas sub-terminal

* Liquefied natural gas send-out has dropped, with no new cargoes scheduled for Britain

* Flows from Norway are lower due to some gas being rerouted to continental Europe after maintenance at the Emden pipeline and as flows move to summer levels

* There are also unplanned outages at the Kollsnes processing plant and the Heimdal facility

* In the Dutch gas market, the day-ahead price was down 0.25 euro at 19.95 euros per megawatt hour

* Benchmark Dec-18 EU carbon contract inched up 0.06 euro to 14.00 euros a tonne
Source: Reuters (Reporting by Nina Chestney)

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