Kinder Trans Mountain Pipe Oversubscribed by 69% for March
February 22, 2012, 1:32 PM ESTBy Aaron Clark
(Adds forecast flow rate on pipeline in third paragraph.)
Feb. 22 (Bloomberg) -- Kinder Morgan Energy Partners LP’s Trans Mountain pipeline was oversubscribed by 69 percent for March oil shipments, according to an e-mailed statement from the company.
Subscriptions on the portion of the system delivering to refineries in British Columbia and Washington were 72.5 percent over capacity, the Houston-based company said in the bulletin.
The Trans Mountain mainline system is expected to carry 269,164 barrels a day in March, 2.4 percent below estimated February shipments of 275,759, according a Jan. 23 notice.
The Puget Sound line will carry 121,489 barrels a day next month, the company said today.
The 715-mile (1,150-kilometer) Trans Mountain system 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.
Products also move to California, the U.S. Gulf Coast and overseas through the Westridge marine terminal in Burnaby, British Columbia.
--Editors: Richard Stubbe, Charlotte Porter
To contact the reporter on this story: Aaron Clark in New York at aclark27@bloomberg.net
To contact the editor responsible for this story: Bill Banker at bbanker@bloomberg.net
