The Financial Post reports in its Tuesday edition that the Trans Mountain pipeline expansion project (TMX) may still be months away from completion, but industry insiders have already started speculating on how it will impact the oil sector, from a potential increase in the price of Canadian oil to the opening of new export markets. The Post's Naimul Karim writes that the expansion project will twin the existing 1,150-kilometre Trans Mountain pipeline between Alberta and British Columbia and enhance the system's export facilities. The new pipeline will be able to deliver 590,000 barrels per day on top of the existing capacity of 300,000 bpd. Enough producers have already committed to use the new pipeline to take up about 80 per cent of the planned capacity. These companies include Cenovus, Imperial Oil and Canadian Natural Resources. Imperial Oil is a minor player in terms of the pipeline reservations it has made. Over all, however, Imperial executives say the pipeline will have a positive impact on the industry and reduce the discount in the oil prices Canadian producers receive. Imperial will continue to ship crude to its usual destinations, but the new pipeline could provide it with options to ship west or south.