Thursday, April 21, 2011

Kinder Morgan Trans Mountain Line Oversubscribed by 30%

http://www.bloomberg.com/news/2011-04-21/kinder-morgan-trans-mountain-line-oversubscribed-by-30-1-.html

By Aaron Clark

Kinder Morgan Partners LP said May shipment requests for its Trans Mountain pipeline, which moves crude and refined products to the western coasts of the U.S. and Canada, exceeded capacity by 30 percent.

Subscriptions on the portion of the system delivering to refineries in British Columbia and Washington were 43 percent over capacity, the Houston-based company said in a bulletin to shippers.

The Trans Mountain mainline system is expected to carry 280,980 barrels a day in May, down 9.5 percent from estimated April shipments of 310,371, according to the notices received today and March 22.

The Puget Sound pipeline system will ship 156,213 barrels a day next month. The Puget Sound system will not be apportioned in May, according to the bulletin.

The 715-mile (1,150-kilometer) line runs from Edmonton, Alberta, to marketing terminals and refineries in central British Columbia, the Vancouver area and the Puget Sound region in Washington, according to the company’s website.

Nominations for “advanced timing” shipments to the Westridge dock were oversubscribed by 10 percent and shipments for regular timing were apportioned by 100 percent, according to the bulletin.

Products also are moved to California, the U.S. Gulf Coast and overseas through the Westridge marine terminal in Burnaby, British Columbia.

To contact the reporter on this story: Aaron Clark in New York at aclark27@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.

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