UPDATE 1-TransCanada says Keystone maintenance will not affect May volumes

Published 2016-04-29, 01:42 p/m
© Reuters.  UPDATE 1-TransCanada says Keystone maintenance will not affect May volumes
TRP
-

(Adds details on pipeline maintenance)
By Nia Williams
CALGARY, Alberta, April 29 (Reuters) - TransCanada Corp
TRP.TO said on Friday maintenance planned for the 590,000
barrel-per-day Keystone pipeline in May, one of the main crude
conduits from Canada to the United States, will not impact its
ability to ship contracted volumes for that month.
Keystone, which ships heavy and light crude from Alberta to
Cushing, Oklahoma, and Illinois, was shut on April 2 for eight
days after a 400-barrel leak was discovered in South Dakota. It
restarted at lower pressure.
Spokesman Mark Cooper said Keystone would continue to
operate at reduced capacity throughout the maintenance in May
and until the U.S. Pipeline and Hazardous Materials Safety
Administration approves a full return to normal flows.
TransCanada said permanent repairs and remaining restoration
work on the site will take place in May, and further
investigative activities and corrective measures required by
PHMSA are planned for 2016.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.