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UPDATE 1-Trans Mountain pipeline overbooked for July
* Pipeline system overnominated by 73 pct
* Shippers limited to 27 percent of nominations
CALGARY, Alberta, June 22 (Reuters) - Kinder Morgan Energy Partners said on Friday that shippers on its chronically overbooked Trans Mountain oil pipeline system between Alberta and the Pacific Coast will be limited to just 27 percent of their hoped-for volumes in July.
Kinder Morgan said the system, which carries Canadian crude to the Vancouver area and Washington state refineries, is overnominated by 73 percent. Land-based destinations are overbooked by 75 percent, the company said.
Increasing numbers of shippers are seeking to move oil to the Vancouver harbor, where it can be shipped to Asia and other markets offering richer returns than more traditional markets for Canadian crude such as the U.S. Midwest.
Nominations have exceeded capacity since late 2010.
The company has proposed a $4.1 billion expansion of the system that would more than double capacity to 750,000 barrels a day. It would be in service around 2017.
For July, Kinder Morgan said total nominations for the system are 280,389 barrels a day for the Trans Mountain pipeline, 119,646 bpd for the Puget Sound line and 77,458 bpd for the Westridge Dock.
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