UK GAS-Prices rise on South Hook outage, lower Norwegian flows, higher exports

(Adds South Hook outage; updates prices)

LONDON, March 14 (Reuters) - British wholesale gas prices rose on Tuesday morning due to lower imports from Norway, an unplanned outage at South Hook liquefied natural gas terminal and increased exports to continental Europe. * British day-ahead gas price rose by 0.70 pence to 41.55 pence per therm at 0922 GMT. * Within-day contract up 0.95 pence at 41.30 p/therm. * Flows from Norway are lower than on Monday and exports through the InterconnectorUK to continental Europe have risen by 14 million cubic metres (mcm) to 25 mcm. * An unplanned outage at South Hook LNG terminal was also supporting prompt prices, traders said. * The outage is seen sending at 1000 GMT on Tuesday and has cut available capacity to zero. * Despite this, demand is forecast at around 243 mcm and flows at 265 mcm/day, leaving the system 22 mcm oversupplied, according to National Grid (LSE: NG.L - news) data. * Peak wind generation is expected to fall to 4,963 megawatts (MW) on Wednesday from 6,569 MW on Tuesday, Elexon data shows. * April gas contract up 0.47 pence at 41.75 p/therm. * April gas price at the Dutch TTF hub flat at 15.90 euros per megawatt hour. * Benchmark Dec-17 EU carbon contract inches up 0.03 euro to 5.19 euros a tonne. * Thomson Reuters (Dusseldorf: TOC.DU - news) analyst view: (Reporting by Nina Chestney)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting