Jan 6 (Reuters) - Colonial Pipeline restricts shipments in its system when demand for shipping space exceeds line capacity by allocating space to shippers on a historical basis or freezing shipments.
Under the capacity allocation program, shippers have to renominate the amount they plan to ship with the stipulation it is 80 percent of earlier nomination.
Colonial issues a freeze notice for a line and cycle to notify that it will not accept any fresh nominations and shippers are held to volumes already nominated. DATE LINE Action CYCLE Link Jan 7 01 - Gasoline Allocated 4 [ID:nWNAB3086] Jan 7 02 - Distillate Allocated 4 [ID:nWNAB3087] Jan 7 L6 - Linden Frozen 1 [ID:nWNAB3078] Jan 6 03 - Mixed Adjusted 4 [ID:nWNAB2783]
Nominations Jan 6 03 - Mixed Allocated 5 [ID:nSGE7050BF] Jan 5 20 - Distillate Allocated 4 [ID:nWNAB2562] Jan 5 L2 - Linden Allocated 1 [ID:nWNAB2359] Jan 4 03 - Mixed Corrected 4 [ID:nWNAB2192]
Allocations Jan 3 03 - Mixed Frozen 3 [ID:nWNAB1897] Jan 3 03 - Mixed Frozen 2 [ID:nWNAB1897] Jan 3 03 - Mixed Frozen 1 [ID:nWNAB1897] Jan 3 03 - Mixed Allocated 4 [ID:nWNAB1897] Dec 29 20 - Distillate Allocated 3 [ID:nWNAB1462] Dec 29 01 - Gasoline Allocated 3 [ID:nWNAB1461] Dec 28 02 - Distillate Allocated 3 [ID:nWNAB1348] Dec 27 20 - Distillate Allocated 2 [ID:nWNAB1271] Dec 27 01 - Gasoline Allocated 2 [ID:nWNAB1269] Dec 21 02 - Distillate Allocated 2 [ID:nWNAB0683] Dec 20 20 - Distillate Allocated 1 [ID:nWNAB0347] Dec 16 01 - Gasoline Allocated 1 [ID:nWNAB9705] Dec 16 02 - Distillate Allocated 1 [ID:nWNAB9704]
Colonial is an interstate common carrier of petroleum products delivering gasoline, kerosene, home-heating oil and jet fuel from the Gulf Coast refining area to cities and airports in the Southeast and along the East Coast of the United States.
The company's main asset is a 5,500 mile refined-product pipeline stretching from Houston, Texas to Linden, New Jersey with a design capacity of 2.37 million barrels per day. It carries about 15 percent of all petroleum products consumed in the United States each year. (Compiled by Koustav Samanta in Bangalore; Editing by David Gregorio)