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TransCanada to Ship 450,000 Barrels a Day on Keystone Pipe

March 23 (Bloomberg) -- TransCanada Corp. is cutting space on its Keystone crude-oil pipeline for April shipments because of a planned shutdown of the line to remove a cleaning device.

The pipe will ship an average of about 450,000 barrels a day, Shawn Howard, a Calgary-based spokesman for the company, said today in an e-mail. Because of the reduction in space the company won’t accept spot contracts next month, he said.

The line will shut in the middle of April for about five days to recover the cleaning tool, known as a pig. The pig became disconnected during maintenance, Terry Cunha, a Calgary-based spokesman for the company, said March 19.

A portion of the pig broke and became lodged March 15 upstream of the line’s Steele City, Nebraska, pump station, a person familiar with the incident said earlier this week.

The 2,154-mile (3,467-kilometer) Keystone pipeline begins in Hardisty, Alberta, and can deliver oil to Cushing, Oklahoma, the delivery point for New York-traded futures contracts, and to Illinois terminals through separate legs that diverge in Steele City, Nebraska, according to the company’s website.

To contact the reporter on this story: Aaron Clark in New York at aclark27@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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