UPDATE 2-Fire shuts Kinder Morgan Pasadena, Texas oil terminal

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NEW YORK, Sept 24 (Reuters) - Kinder Morgan Energy Partners LP's (KMP.N) Pasadena, Texas oil products terminal shut late Tuesday due to a fire and will likely resume limited operations later Wednesday, a spokesman for the company said.

He said the fire was under control and the company was allowing it to burn out. It did not pose any danger to other structures.

The Pasadena terminal supplies the two largest pipelines in the U.S., the Colonial and Explorer pipelines.

"The fire overnight at the Kinder Morgan facility in Pasadena will have an impact on Colonial's operations," said Colonial spokesman Steve Baker, adding that the pipeline's main line was still operating at reduced rates.

Baker did not have specific information on how supply volumes would be affected, but said the Colonial pipeline is using alternative origin points to supply its pipeline to replace the supply it gets from the Pasadena terminal,

A spokesman from Explorer pipeline was not immediately available to comment on the effect of the terminal fire on the pipeline.

The Pasadena Hub was almost running about 95 percent of capacity after shutting when Hurricane Ike swept through the Galveston-Houston area on Sept. 13.

Pasadena is a large terminal located south of Houston with around 15 million barrels of gasoline and oil products storage supplies.

The Colonial pipeline flows an average of 2.3 million barrels per day of gasoline and distillate fuels from Pasadena, Texas, to the New York Harbor area.

Explorer pipeline, which runs from Lake Charles to Chicago can pump as much as 700,000 barrels per day of distillates and gasoline. (Reporting by Scott DiSavino and Rebekah Kebede; Editing by John Picinich)